Playtech (LON:PTEC) Receives “Hold” Rating from Deutsche Bank

Deutsche Bank reissued their hold rating on shares of Playtech (LON:PTEC) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

PTEC has been the subject of a number of other research reports. Jefferies Financial Group initiated coverage on Playtech in a report on Monday, June 10th. They set a buy rating and a GBX 570 ($7.45) price objective for the company. JPMorgan Chase & Co. initiated coverage on Playtech in a report on Wednesday, July 10th. They set an overweight rating and a GBX 603 ($7.88) price objective for the company. Finally, UBS Group restated a buy rating and set a GBX 535 ($6.99) price objective (up previously from GBX 520 ($6.79)) on shares of Playtech in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Playtech has a consensus rating of Buy and a consensus price target of GBX 552.62 ($7.22).

PTEC opened at GBX 388.40 ($5.08) on Monday. The business has a fifty day moving average of GBX 427.48 and a 200 day moving average of GBX 418.78. Playtech has a 52-week low of GBX 357.10 ($4.67) and a 52-week high of GBX 580.80 ($7.59). The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 60.09. The stock has a market cap of $1.20 billion and a P/E ratio of 4.12.

The company also recently announced a dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 19th will be given a dividend of €0.06 ($0.07) per share. This represents a yield of 1.45%. The ex-dividend date is Thursday, September 19th. Playtech’s dividend payout ratio (DPR) is presently 0.22%.

In other news, insider John Jackson bought 5,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was acquired at an average cost of GBX 409 ($5.34) per share, with a total value of £20,450 ($26,721.55).

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 clearing and execution services for retail brokers and professional clients.

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Analyst Recommendations for Playtech (LON:PTEC)

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