Peel Hunt Reiterates Add Rating for Playtech (LON:PTEC)

Peel Hunt reissued their add rating on shares of Playtech (LON:PTEC) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

PTEC has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price target on Playtech from GBX 603 ($7.88) to GBX 585 ($7.64) and set an overweight rating on the stock in a report on Wednesday, August 28th. Shore Capital reaffirmed a buy rating on shares of Playtech in a report on Friday, August 23rd. Deutsche Bank dropped their price target on Playtech from GBX 460 ($6.01) to GBX 435 ($5.68) and set a hold rating on the stock in a report on Monday, August 26th. Morgan Stanley dropped their price target on Playtech from GBX 570 ($7.45) to GBX 550 ($7.19) and set an equal weight rating on the stock in a report on Thursday, September 12th. Finally, UBS Group reaffirmed a buy rating and issued a GBX 535 ($6.99) price target (up previously from GBX 520 ($6.79)) on shares of Playtech in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 526.75 ($6.88).

LON PTEC opened at GBX 436.50 ($5.70) on Friday. The stock has a market capitalization of $1.34 billion and a P/E ratio of 4.63. Playtech has a 1 year low of GBX 352.90 ($4.61) and a 1 year high of GBX 508.80 ($6.65). The business’s fifty day moving average is GBX 403.10 and its two-hundred day moving average is GBX 419.73. The company has a debt-to-equity ratio of 98.60, a quick ratio of 1.24 and a current ratio of 1.28.

The company also recently disclosed a dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 19th will be given a dividend of €0.06 ($0.07) per share. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 19th. Playtech’s payout ratio is 0.17%.

In other news, insider John Jackson acquired 5,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were purchased 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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