Playtech (LON:PTEC) Price Target Cut to GBX 1,000 by Analysts at Berenberg Bank

Playtech (LON:PTEC) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 1,180 ($15.80) to GBX 1,000 ($13.39) in a report issued on Monday, November 13th. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 16.78% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group began coverage on Playtech in a research report on Monday, August 14th. They set an “outperform” rating and a GBX 1,200 ($16.07) price target on the stock. Shore Capital reaffirmed a “buy” rating on shares of Playtech in a research report on Thursday, August 24th. Citigroup reissued a “buy” rating and issued a GBX 1,250 ($16.74) target price (down previously from GBX 1,260 ($16.87)) on shares of Playtech in a research report on Friday, August 25th. Numis Securities reissued a “buy” rating and issued a GBX 1,275 ($17.08) target price (up previously from GBX 1,100 ($14.73)) on shares of Playtech in a research report on Thursday, August 24th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,020 ($13.66) target price on shares of Playtech in a research report on Wednesday, August 23rd. Fourteen equities research analysts have rated the stock with a buy rating, Playtech currently has a consensus rating of “Buy” and a consensus price target of GBX 1,052.86 ($14.10).

Shares of Playtech (PTEC) traded up GBX 15.31 ($0.21) on Monday, reaching GBX 856.31 ($11.47). The company’s stock had a trading volume of 1,940,000 shares, compared to its average volume of 2,470,000. Playtech has a 12-month low of GBX 712.08 ($9.54) and a 12-month high of GBX 1,020 ($13.66).

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About Playtech

Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.

Analyst Recommendations for Playtech (LON:PTEC)

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