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).
WARNING: “Playtech plc (LON:PTEC) Price Target Cut to GBX 1,050 by Analysts at Morgan Stanley” was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://weekherald.com/2017/11/15/morgan-stanley-cuts-playtech-plc-ptec-price-target-to-gbx-1050.html.
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.
Receive News & Ratings for Playtech plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playtech plc and related companies with MarketBeat.com's FREE daily email newsletter.