Playtech (LON:PTEC) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Playtech (LON:PTEC) in a research note released on Wednesday, Digital Look reports. The brokerage issued an overweight rating and a GBX 603 ($7.88) price target on the stock.

PTEC has been the topic of several other research reports. Jefferies Financial Group dropped their price target on Chemours from $48.00 to $30.00 and set a buy rating on the stock in a report on Monday, June 10th. Deutsche Bank reaffirmed a hold rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 574.45 ($7.51).

Shares of LON PTEC traded up GBX 1.60 ($0.02) during trading on Wednesday, hitting GBX 446.80 ($5.84). The company had a trading volume of 1,175,008 shares, compared to its average volume of 1,800,000. The company has a market cap of $1.38 billion and a P/E ratio of 4.74. Playtech has a 52 week low of GBX 357.10 ($4.67) and a 52 week high of GBX 580.80 ($7.59). The firm has a 50-day moving average of GBX 418.80. The company has a debt-to-equity ratio of 60.09, a quick ratio of 0.92 and a current ratio of 0.98.

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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