Playtech (LON:PTEC) Research Coverage Started at Peel Hunt

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Peel Hunt started coverage on shares of Playtech (LON:PTEC) in a report published on Tuesday morning, Digital Look reports. The brokerage issued an add rating and a GBX 425 ($5.55) target price on the stock.

PTEC has been the topic of a number of other reports. Deutsche Bank reissued a hold rating on shares of Playtech in a report on Monday. UBS Group reissued a buy rating and issued a GBX 535 ($6.99) price target (up from GBX 520 ($6.79)) on shares of Playtech in a report on Friday, July 12th. JPMorgan Chase & Co. initiated coverage on shares of Playtech in a report on Wednesday, July 10th. They issued an overweight rating and a GBX 603 ($7.88) price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Playtech in a report on Monday, June 10th. They issued a buy rating and a GBX 570 ($7.45) price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 552.62 ($7.22).

Shares of Playtech stock opened at GBX 389.60 ($5.09) on Tuesday. Playtech has a 12-month low of GBX 357.10 ($4.67) and a 12-month high of GBX 580.80 ($7.59). The company has a market cap of $1.20 billion and a price-to-earnings ratio of 4.14. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 60.09. The company’s 50-day moving average price is GBX 427.48 and its 200-day moving average price is GBX 418.78.

The business also recently disclosed a dividend, which will be paid on Tuesday, October 22nd. Investors of record on Thursday, September 19th will be given a €0.06 ($0.07) dividend. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 19th. Playtech’s dividend payout ratio (DPR) is 0.22%.

In related news, insider John Jackson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were 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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