Playtech PLC (LON:PTEC) had its target price increased by equities research analysts at Morgan Stanley from GBX 1,350 ($17.58) to GBX 1,380 ($17.97) in a note issued to investors on Monday, July 17th. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 45.57% from the stock’s current price.
Separately, Canaccord Genuity reissued a “buy” rating and set a GBX 1,140 ($14.85) target price on shares of Playtech PLC in a research note on Wednesday, May 17th. Eleven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of GBX 1,135.50 ($14.79).
Playtech PLC (PTEC) traded down 1.04% during trading on Monday, reaching GBX 948.00. The company’s stock had a trading volume of 861,974 shares. The firm has a 50-day moving average price of GBX 961.58 and a 200-day moving average price of GBX 938.13. Playtech PLC has a 52 week low of GBX 757.50 and a 52 week high of GBX 1,020.00. The firm’s market capitalization is GBX 2.98 billion.
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In other news, insider Shimon Akad sold 18,856 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of GBX 963 ($12.54), for a total value of £181,583.28 ($236,467.35).
About Playtech PLC
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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