Playtech’s (PTEC) Buy Rating Reaffirmed at Numis Securities

Numis Securities reissued their buy rating on shares of Playtech (LON:PTEC) in a research report sent to investors on Monday morning. Numis Securities currently has a GBX 706 ($9.23) price objective on the stock.

Other research analysts have also issued reports about the stock. Citigroup reduced their target price on shares of Playtech from GBX 1,000 ($13.07) to GBX 820 ($10.71) and set a buy rating on the stock in a report on Friday, August 24th. UBS Group restated a buy rating and issued a GBX 1,080 ($14.11) target price on shares of Playtech in a report on Thursday, August 23rd. Shore Capital restated a buy rating on shares of Playtech in a report on Monday. Credit Suisse Group reduced their target price on shares of Playtech from GBX 550 ($7.19) to GBX 520 ($6.79) and set a neutral rating on the stock in a report on Tuesday, October 30th. Finally, Barclays restated an equal weight rating on shares of Playtech in a report on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Playtech presently has an average rating of Buy and an average target price of GBX 724.56 ($9.47).

Shares of LON PTEC opened at GBX 443.60 ($5.80) on Monday. Playtech has a fifty-two week low of GBX 670 ($8.75) and a fifty-two week high of GBX 1,020 ($13.33).



The business also recently disclosed a dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Thursday, September 20th were paid a dividend of €0.12 ($0.14) per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 20th.

In related news, insider Ian R. Penrose acquired 12,500 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of GBX 468 ($6.12) per share, with a total value of £58,500 ($76,440.61).

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 clients with technology for liquidity and clearing.

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Analyst Recommendations for Playtech (LON:PTEC)

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