Playtech PLC (PTEC) Given Buy Rating at Investec
Several other brokerages also recently weighed in on PTEC. Canaccord Genuity restated a buy rating and set a GBX 1,140 ($15.04) target price on shares of Playtech PLC in a research note on Wednesday, May 17th. Morgan Stanley increased their target price on Playtech PLC from GBX 1,350 ($17.81) to GBX 1,380 ($18.20) and gave the stock an overweight rating in a report on Monday, July 17th. Eleven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of GBX 1,135.50 ($14.98).
Playtech PLC (LON:PTEC) traded up 1.14% during trading on Wednesday, reaching GBX 979.00. The company had a trading volume of 979,759 shares. Playtech PLC has a 12 month low of GBX 757.50 and a 12 month high of GBX 1,020.00. The stock has a 50 day moving average of GBX 968.22 and a 200-day moving average of GBX 931.70. The company’s market capitalization is GBX 3.11 billion.
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In other news, insider Shimon Akad sold 18,856 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of GBX 963 ($12.70), for a total transaction of £181,583.28 ($239,524.18).
Playtech PLC Company Profile
Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.
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