Playtech PLC (PTEC) Given Average Rating of “Buy” by Brokerages

Playtech PLC (LON:PTEC) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 625.11 ($8.17).

A number of equities research analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of Playtech in a research note on Wednesday, February 27th. Morgan Stanley downgraded Playtech to an “equal weight” rating and cut their price target for the company from GBX 1,020 ($13.33) to GBX 550 ($7.19) in a research note on Friday, February 8th. Berenberg Bank cut their price target on Playtech from GBX 600 ($7.84) to GBX 500 ($6.53) and set a “hold” rating for the company in a research note on Thursday, January 17th. Finally, UBS Group restated a “buy” rating and set a GBX 520 ($6.79) price target (down from GBX 675 ($8.82)) on shares of Playtech in a research note on Tuesday, February 19th.

Shares of Playtech stock traded up GBX 7 ($0.09) during trading hours on Friday, reaching GBX 396.90 ($5.19). 1,147,319 shares of the stock traded hands, compared to its average volume of 1,800,000. The company has a market cap of $1.22 billion and a P/E ratio of 4.21. Playtech has a one year low of GBX 357.10 ($4.67) and a one year high of GBX 836 ($10.92). The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 60.09.

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be paid a dividend of €0.12 ($0.14) per share. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 2.83%. Playtech’s dividend payout ratio (DPR) is presently 0.22%.

About Playtech

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 clients with technology for liquidity and clearing.

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Analyst Recommendations for Playtech (LON:PTEC)

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