Playtech (LON:PTEC) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Playtech (LON:PTEC) in a research report released on Wednesday morning, Digital Look reports. The firm issued an overweight rating and a GBX 603 ($7.88) price target on the stock.

A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group dropped their price objective on Chemours from $48.00 to $30.00 and set a buy rating on the stock in a research note on Monday, June 10th. Deutsche Bank reiterated a hold rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 575.82 ($7.52).

Shares of Playtech stock opened at GBX 450.10 ($5.88) on Wednesday. Playtech has a 12-month low of GBX 357.10 ($4.67) and a 12-month high of GBX 580.80 ($7.59). The company has a market cap of $1.39 billion and a PE ratio of 4.78. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 60.09. The business’s 50 day moving average is GBX 419.80.

In other Playtech news, insider John Jackson purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average price of GBX 409 ($5.34) per share, for a total transaction of £20,450 ($26,721.55).

Playtech Company Profile

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 clearing and execution services for retail brokers and professional clients.

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Analyst Recommendations for Playtech (LON:PTEC)

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