Playtech plc (PTEC) PT Lowered to GBX 1,000

Playtech plc (LON:PTEC) had its price objective lowered by investment analysts at Berenberg Bank from GBX 1,180 ($15.52) to GBX 1,000 ($13.15) in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 24.61% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,060 ($13.94) price objective on shares of Playtech plc in a report on Monday. Morgan Stanley dropped their price objective on Playtech plc from GBX 1,400 ($18.41) to GBX 1,050 ($13.81) and set an “overweight” rating on the stock in a report on Friday, November 3rd. Numis Securities Ltd restated a “buy” rating and issued a GBX 1,040 ($13.68) price objective on shares of Playtech plc in a report on Thursday, November 2nd. Investec dropped their price objective on Playtech plc from GBX 1,120 ($14.73) to GBX 1,030 ($13.55) and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 1,020 ($13.42) price target on shares of Playtech plc in a report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of GBX 1,059.09 ($13.93).

Playtech plc (LON:PTEC) opened at GBX 802.50 ($10.56) on Monday. Playtech plc has a twelve month low of GBX 712.08 ($9.37) and a twelve month high of GBX 1,020 ($13.42).

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About Playtech plc

Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.

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