Playtech plc (LON:PTEC) Price Target Cut to GBX 1,050 by Analysts at Morgan Stanley

Playtech plc (LON:PTEC) had its target price dropped by investment analysts at Morgan Stanley from GBX 1,400 ($18.41) to GBX 1,050 ($13.81) in a report released on Friday, November 3rd, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 31.64% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,140 ($14.99) price objective on shares of Playtech plc in a research note on Thursday, August 3rd. Investec reiterated a “buy” rating and set a GBX 1,120 ($14.73) target price on shares of Playtech plc in a research report on Wednesday, August 2nd. Berenberg Bank dropped their target price 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 report on Wednesday, August 30th. Citigroup Inc. reiterated a “buy” rating and set a GBX 1,250 ($16.44) target price (down previously from GBX 1,260 ($16.57)) on shares of Playtech plc in a research report on Friday, August 25th. Finally, Shore Capital reiterated a “buy” rating on shares of Playtech plc in a research report on Thursday, August 24th. Twelve investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of GBX 1,059.09 ($13.93).

Playtech plc (PTEC) opened at GBX 798.50 ($10.50) on Friday. Playtech plc has a 12-month low of GBX 712.08 ($9.37) and a 12-month 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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