Shares of Playtech plc (LON:PTEC – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 350.77 and traded as high as GBX 377.80. Playtech shares last traded at GBX 373.40, with a volume of 229,499 shares traded.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 405 price objective on shares of Playtech in a report on Thursday, July 9th. Citigroup upgraded Playtech to a “buy” rating in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a research report on Thursday, May 21st.
View Our Latest Report on PTEC
Playtech Trading Up 3.4%
Insider Buying and Selling at Playtech
In other news, insider Chris McGinnis purchased 27,080 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of GBX 372 per share, for a total transaction of £100,737.60. Also, insider Mor Weizer acquired 71,321 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of GBX 375 per share, with a total value of £267,453.75. Corporate insiders own 0.82% of the company’s stock.
About Playtech
Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.
Further Reading
- Five stocks we like better than Playtech
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
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.
