Brokerages Set Playtech PLC (PTEC) PT at $1,176.00
Shares of Playtech PLC (LON:PTEC) have been assigned an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,176 ($15.19).
Several equities analysts have recently weighed in on PTEC shares. Canaccord Genuity restated a “buy” rating and issued a GBX 1,140 ($14.72) target price on shares of Playtech PLC in a research report on Thursday, August 3rd. Investec restated a “buy” rating and issued a GBX 1,120 ($14.46) target price on shares of Playtech PLC in a research report on Wednesday, August 2nd. Berenberg Bank decreased their target price on Playtech PLC from GBX 1,250 ($16.14) to GBX 1,180 ($15.24) and set a “buy” rating on the stock in a research report on Wednesday, August 30th. Citigroup Inc. restated a “buy” rating and issued a GBX 1,250 ($16.14) target price (down previously from GBX 1,260 ($16.27)) on shares of Playtech PLC in a research report on Friday, August 25th. Finally, Shore Capital restated a “buy” rating on shares of Playtech PLC in a research report on Thursday, August 24th.
Playtech PLC (LON PTEC) traded down 0.75% during mid-day trading on Tuesday, reaching GBX 932.00. The company’s stock had a trading volume of 1,275,452 shares. The firm’s 50 day moving average is GBX 962.68 and its 200-day moving average is GBX 954.23. Playtech PLC has a 12-month low of GBX 757.50 and a 12-month high of GBX 1,020.00. The company’s market cap is GBX 2.93 billion.
The business also recently declared a dividend, which will be paid on Tuesday, October 24th. Investors of record on Thursday, September 21st will be issued a €0.12 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 1.12%.
In related news, insider Shimon Akad sold 18,856 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of GBX 963 ($12.44), for a total value of £181,583.28 ($234,512.82).
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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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