Playtech’s (PTEC) Buy Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of Playtech (LON:PTEC) in a report released on Tuesday, MarketBeat reports. Citigroup currently has a GBX 720 ($8.89) price objective on the stock.

Playtech Trading Up 1.5 %

Shares of LON:PTEC opened at GBX 450.50 ($5.56) on Tuesday. Playtech has a 12 month low of GBX 365.40 ($4.51) and a 12 month high of GBX 640 ($7.91). The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 40.58. The company’s fifty day simple moving average is GBX 456.15 and its 200 day simple moving average is GBX 437.28. The firm has a market cap of £450,500.00, a price-to-earnings ratio of 1,553.45, a PEG ratio of 1.28 and a beta of 1.42.

Playtech Company Profile

Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops.