Shore Capital Reiterates “Buy” Rating for Playtech (PTEC)
PTEC has been the subject of a number of other reports. Citigroup reissued a buy rating and set a GBX 820 ($10.71) price objective on shares of Playtech in a research report on Monday, September 10th. Barclays reissued an equal weight rating on shares of Playtech in a research report on Tuesday, October 9th. Credit Suisse Group downgraded Playtech to a neutral rating and lowered their price objective for the stock from GBX 980 ($12.81) to GBX 550 ($7.19) in a research report on Tuesday, October 23rd. Finally, UBS Group reissued a buy rating and set a GBX 1,080 ($14.11) price objective on shares of Playtech in a research report on Thursday, August 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 724.56 ($9.47).
Shares of Playtech stock opened at GBX 444.70 ($5.81) on Monday. Playtech has a one year low of GBX 670 ($8.75) and a one year high of GBX 1,020 ($13.33).
In other Playtech news, insider Ian R. Penrose purchased 12,500 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of GBX 468 ($6.12) per share, with a total value of £58,500 ($76,440.61).
Playtech Company Profile
Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clients with technology for liquidity and clearing.
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