Citigroup Inc. Reiterates “Buy” Rating for Playtech PLC (PTEC)
Playtech PLC (LON:PTEC)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research note issued to investors on Friday. They currently have a GBX 1,250 ($16.23) price objective on the stock, down from their prior price objective of GBX 1,260 ($16.36). Citigroup Inc.’s price target suggests a potential upside of 27.94% from the stock’s current price.
A number of other research firms have also recently weighed in on PTEC. Shore Capital restated a “buy” rating on shares of Playtech PLC in a report on Thursday. Numis Securities Ltd restated a “buy” rating and issued a GBX 1,275 ($16.55) price target (up from GBX 1,100 ($14.28)) on shares of Playtech PLC in a report on Thursday. Liberum Capital restated a “buy” rating and issued a GBX 1,020 ($13.24) price target on shares of Playtech PLC in a report on Wednesday. Canaccord Genuity restated a “buy” rating and issued a GBX 1,140 ($14.80) price target on shares of Playtech PLC in a report on Wednesday, May 17th. Finally, Investec restated a “buy” rating and issued a GBX 1,120 ($14.54) price target on shares of Playtech PLC in a report on Wednesday, August 2nd. Twelve research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,156.36 ($15.01).
Shares of Playtech PLC (PTEC) opened at 977.00 on Friday. The company has a 50 day moving average of GBX 966.33 and a 200-day moving average of GBX 948.52. The firm’s market cap is GBX 3.07 billion. Playtech PLC has a 12-month low of GBX 757.50 and a 12-month high of GBX 1,018.70.
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In related news, insider Shimon Akad sold 18,856 shares of Playtech PLC stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of GBX 963 ($12.50), for a total value of £181,583.28 ($235,730.60).
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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