Playtech plc (PTEC) Price Target Cut to GBX 1,060

Playtech plc (LON:PTEC) had its price objective reduced by equities researchers at Deutsche Bank AG from GBX 1,175 ($15.45) to GBX 1,060 ($13.94) in a report released on Friday, November 3rd, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 31.19% from the company’s previous close.

PTEC has been the subject of several other research reports. Credit Suisse Group started coverage on shares of Playtech plc in a report on Monday, August 14th. They issued an “outperform” rating and a GBX 1,200 ($15.78) target price on the stock. Shore Capital restated a “buy” rating on shares of Playtech plc in a report on Thursday, August 24th. Citigroup Inc. restated a “buy” rating and issued a GBX 1,250 ($16.44) target price (down previously from GBX 1,260 ($16.57)) on shares of Playtech plc in a report on Friday, August 25th. Berenberg Bank dropped their price target on shares of Playtech plc from GBX 1,250 ($16.44) to GBX 1,180 ($15.52) and set a “buy” rating on the stock in a research note on Wednesday, August 30th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 1,275 ($16.77) price target (up previously from GBX 1,100 ($14.47)) on shares of Playtech plc in a research note on Thursday, August 24th. Twelve investment analysts have rated the stock with a buy rating, Playtech plc presently has an average rating of “Buy” and a consensus target price of GBX 1,059.09 ($13.93).

Shares of Playtech plc (LON:PTEC) opened at GBX 808 ($10.63) on Friday. Playtech plc has a 1-year low of GBX 712.08 ($9.37) and a 1-year high of GBX 1,020 ($13.42).

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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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