Playtech (LON:PTEC) Sets New 52-Week High – Time to Buy?

Playtech plc (LON:PTEC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 437.20 and last traded at GBX 436.80, with a volume of 499495 shares changing hands. The stock had previously closed at GBX 418.40.

Analyst Upgrades and Downgrades

PTEC has been the subject of a number of research reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 405 target price on shares of Playtech in a research note on Thursday, July 9th. Citigroup raised shares of Playtech to a “buy” rating in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a report on Thursday, May 21st.

Playtech Trading Up 4.5%

The company has a market capitalization of £1.21 billion, a PE ratio of 0.90, a PEG ratio of 1.28 and a beta of 0.66. The company has a fifty day simple moving average of GBX 385.21 and a 200-day simple moving average of GBX 364.47. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 23.48.

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.