Playtech (PTEC) Price Target Cut to GBX 980 by Analysts at Credit Suisse Group
Playtech (LON:PTEC) had its price target lowered by Credit Suisse Group from GBX 1,200 ($16.15) to GBX 980 ($13.19) in a research note published on Tuesday. The firm currently has an outperform rating on the stock.
Other analysts also recently issued reports about the company. Investec reduced their target price on Playtech from GBX 1,120 ($15.07) to GBX 1,030 ($13.86) and set a buy rating for the company in a report on Friday, November 3rd. Canaccord Genuity Group reduced their target price on Playtech from GBX 1,140 ($15.34) to GBX 1,090 ($14.67) and set a buy rating for the company in a report on Thursday, November 2nd. Shore Capital reissued a buy rating on shares of Playtech in a report on Thursday, August 24th. Citigroup reissued a buy rating and issued a GBX 1,250 ($16.82) target price (down from GBX 1,260 ($16.96)) on shares of Playtech in a report on Friday, August 25th. Finally, Numis Securities reissued a buy rating and issued a GBX 1,275 ($17.16) target price (up from GBX 1,100 ($14.80)) on shares of Playtech in a report on Thursday, August 24th. Fourteen research analysts have rated the stock with a buy rating, Playtech currently has a consensus rating of Buy and a consensus target price of GBX 1,037.14 ($13.96).
Shares of Playtech (LON:PTEC) traded down GBX 5.50 ($0.07) during trading on Tuesday, reaching GBX 845.50 ($11.38). The company had a trading volume of 441,834 shares, compared to its average volume of 2,520,000. Playtech has a 52 week low of GBX 712.08 ($9.58) and a 52 week high of GBX 1,020 ($13.73).
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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