Playtech (PTEC) Earns Outperform Rating from Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Playtech (LON:PTEC) in a research note published on Thursday. Credit Suisse Group currently has a GBX 980 ($13.29) target price on the stock.

PTEC has been the subject of a number of other research reports. Canaccord Genuity Group reduced their price objective on shares of Playtech from GBX 1,140 ($15.46) to GBX 1,090 ($14.78) and set a buy rating for the company in a research report on Thursday, November 2nd. Numis Securities restated a buy rating and issued a GBX 1,040 ($14.10) price objective on shares of Playtech in a research report on Thursday, November 2nd. Canaccord Genuity reduced their price objective on shares of Playtech from GBX 1,140 ($15.46) to GBX 1,090 ($14.78) and set a buy rating for the company in a research report on Thursday, November 2nd. Deutsche Bank restated a buy rating and issued a GBX 1,060 ($14.37) price objective on shares of Playtech in a research report on Monday, November 13th. Finally, Berenberg Bank reduced their price objective on shares of Playtech from GBX 1,180 ($16.00) to GBX 1,000 ($13.56) and set a buy rating for the company in a research report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 1,033.57 ($14.02).

Shares of Playtech (PTEC) traded down GBX 12.60 ($0.17) during trading hours on Thursday, reaching GBX 808.40 ($10.96). 2,986,410 shares of the company were exchanged, compared to its average volume of 1,040,000. The firm has a market capitalization of $2,630.00 and a P/E ratio of 1,393.79. Playtech has a 1 year low of GBX 712.08 ($9.66) and a 1 year high of GBX 1,020 ($13.83).

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About Playtech

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 (LON:PTEC)

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