PTEC..Nomura Increase SP Target....14 Aug 2015 10:18
<b>Playtech PLC Price Target Raised to GBX 1,035 (PTEC)
Posted by Max Byerly on Aug 11th, 2015 Updated Aug 14th, 2015</b>
Investment analysts at Nomura increased their price objective on shares of Playtech PLC (LON:PTEC) from GBX 994 ($15.39) to GBX 1,035 ($16.03) in a research note issued on Thursday, Analyst Ratings.Net reports. The brokerage presently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 16.95% from the stock’s previous close.
PTEC has been the subject of a number of other reports. Investec reissued a “buy” rating on shares of Playtech PLC in a research report on Monday. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,125 ($17.42) price objective on shares of Playtech PLC in a research report on Friday. Canaccord Genuity reissued a “restricted” rating on shares of Playtech PLC in a research note on Friday, July 31st. Shore Capital reaffirmed a “buy” rating on shares of Playtech PLC in a research note on Friday, July 24th. Finally, Deutsche Bank increased their price target on shares of Playtech PLC from GBX 950 ($14.71) to GBX 1,040 ($16.10) and gave the company a “buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 892.86 ($13.83).
Shares of Playtech PLC (LON:PTEC) opened at 884.8500 on Tuesday. Playtech PLC has a one year low of GBX 585.99 and a one year high of GBX 936.00. The firm’s market cap is GBX 2.60 billion. The firm’s 50-day moving average price is GBX 869.24 and its 200-day moving average price is GBX 804.34.
Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LON:PTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.