Playtech Ltd (LON:PTEC) Rating Reaffirmed
London: In an interesting research report sent to investors and clients on Wednesday, 9 December, Credit Suisse kept steady their “Neutral” rating on Playtech Ltd (LON:PTEC) shares. They now have a GBX 760.00 Estimated Target Price on the company. Credit Suisse’s target would now indicate a potential downside of -3.18% from the company’s previous close.
From a total of 11 analysts covering Playtech Ltd (LON:PTEC) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 85% of the ratings are positive. The highest target price is GBX 15.31 while the lowest target price is GBX 11.64. The mean of all analyst targets is GBX 13.94 with a 13.96% above today’s (GBX 785) stock price. Playtech Ltd was the topic of 46 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 9 with “Neutral” rating. Investec maintained shares with “Buy” rating and GBX 850 target share price in a report from a November 23. UBS maintained PTEC stock in a recent report from November 26 with “Buy” rating. Peel Hunt reinitiated the rating on November 23. Peel Hunt has a “Hold” rating and a GBX 870 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 24.
The stock closed the day at GBX 785 during the previous session. It is down 6.82% since May 12, 2015 and is downtrending. It has underperformed by 6.03% the S&P500.
Playtech plc is an online gambling software and services supplier. The company has a market cap of 2.58 billion GBP. The Firm is engaged in the development and licensing of software and the provision of ancillary services for the online and land gambling industries. It has 21.54 P/E ratio. The Company’s gaming applications, which include online casino, poker and other P2P games, bingo, mobile, live gaming, land terminal and fixed-odds games, are inter-compatible and can be incorporated as stand-alone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single, powerful management interface.