Peel Hunt Reaffirms “Add” Rating for Playtech (LON:PTEC)

Playtech (LON:PTEC)‘s stock had its “add” rating restated by Peel Hunt in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their price objective 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. Peel Hunt reissued an “add” rating and set a GBX 425 ($5.55) price objective on shares of Playtech in a report on Thursday, August 22nd. Deutsche Bank lowered their price objective 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 lowered their price objective 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, Shore Capital reissued a “buy” rating on shares of Playtech in a report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 509.50 ($6.66).

PTEC opened at GBX 393.50 ($5.14) on Friday. Playtech has a fifty-two week low of GBX 352.90 ($4.61) and a fifty-two week high of GBX 469.60 ($6.14). The business has a 50-day moving average of GBX 399.62 and a 200-day moving average of GBX 412.48. The company has a debt-to-equity ratio of 98.60, a current ratio of 1.28 and a quick ratio of 1.24. The company has a market capitalization of $1.20 billion and a PE ratio of 4.18.

About Playtech

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.

Featured Article: Why do companies issue monthly dividends?

Analyst Recommendations for Playtech (LON:PTEC)

Receive News & Ratings for Playtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playtech and related companies with MarketBeat.com's FREE daily email newsletter.