Analysts Set Playtech PLC (PTEC) PT at $1,135.50

Playtech PLC (LON:PTEC) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 1,135.50 ($14.79).

Several analysts have issued reports on PTEC shares. Canaccord Genuity reissued a “buy” rating and set a GBX 1,140 ($14.85) price target on shares of Playtech PLC in a report on Wednesday, May 17th. Investec restated a “buy” rating and issued a GBX 1,120 ($14.59) price objective on shares of Playtech PLC in a research report on Wednesday, August 2nd. Finally, Morgan Stanley boosted their price objective on Playtech PLC from GBX 1,350 ($17.58) to GBX 1,380 ($17.97) and gave the company an “overweight” rating in a research report on Monday, July 17th.

Playtech PLC (PTEC) opened at 944.00 on Monday. The firm’s market capitalization is GBX 2.97 billion. The firm’s 50-day moving average is GBX 964.11 and its 200-day moving average is GBX 937.16. Playtech PLC has a 52-week low of GBX 757.50 and a 52-week high of GBX 1,018.70.

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 ($12.54), for a total value of £181,583.28 ($236,467.35).

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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.

Analyst Recommendations for Playtech PLC (LON:PTEC)

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