Playtech PLC (LON:PTEC) Receives Consensus Recommendation of “Buy” from Brokerages

Playtech PLC (LON:PTEC) has been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 619.60 ($8.10).

Several research firms recently weighed in on PTEC. Shore Capital reiterated a “buy” rating on shares of Playtech in a report on Wednesday, February 27th. Jefferies Financial Group began coverage on shares of Playtech in a report on Monday. They set a “buy” rating and a GBX 570 ($7.45) target price on the stock. Finally, UBS Group restated a “buy” rating and set a GBX 520 ($6.79) target price (down previously from GBX 675 ($8.82)) on shares of Playtech in a report on Tuesday, February 19th.

LON:PTEC opened at GBX 431.60 ($5.64) on Monday. The firm has a market capitalization of $1.29 billion and a P/E ratio of 4.58. Playtech has a twelve month low of GBX 357.10 ($4.67) and a twelve month high of GBX 820 ($10.71). The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 60.09.

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.

Read More: Determine Your Level of Risk Tolerance

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.