Playtech (LON:PTEC) Now Covered by Analysts at JPMorgan Chase & Co.

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JPMorgan Chase & Co. assumed coverage on shares of Playtech (LON:PTEC) in a report released on Wednesday, Digital Look reports. The brokerage issued an overweight rating and a GBX 603 ($7.88) price objective on the stock.

Other analysts have also issued reports about the company. Deutsche Bank reissued a hold rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Jefferies Financial Group cut their price target on Chemours from $48.00 to $30.00 and set a buy rating on the stock in a research note on Monday, June 10th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Playtech presently has a consensus rating of Buy and a consensus target price of GBX 575.82 ($7.52).

Shares of PTEC stock opened at GBX 450.10 ($5.88) on Wednesday. The company’s 50-day moving average price is GBX 419.80. Playtech has a 12 month low of GBX 357.10 ($4.67) and a 12 month high of GBX 580.80 ($7.59). The firm has a market capitalization of $1.39 billion and a price-to-earnings ratio of 4.78. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 60.09.

In related news, insider John Jackson acquired 5,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was bought at an average cost of GBX 409 ($5.34) per share, for a total transaction 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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