Playtech (PTEC) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank downgraded shares of Playtech (LON:PTEC) to a hold rating in a research note issued to investors on Thursday. The brokerage currently has GBX 950 ($12.88) price target on the stock, down from their previous price target of GBX 1,000 ($13.56).

A number of other analysts have also commented on PTEC. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,200 ($16.27) price objective on shares of Playtech in a research note on Thursday, September 28th. Liberum Capital reaffirmed a buy rating and set a GBX 1,020 ($13.83) price objective on shares of Playtech in a research note on Monday, October 2nd. Canaccord Genuity decreased their price objective on Playtech from GBX 1,140 ($15.46) to GBX 1,090 ($14.78) and set a buy rating on the stock in a research note on Thursday, November 2nd. Deutsche Bank decreased their price objective on Playtech from GBX 1,175 ($15.93) to GBX 1,060 ($14.37) and set a buy rating on the stock in a research note on Friday, November 3rd. Finally, Numis Securities reaffirmed a buy rating and set a GBX 1,040 ($14.10) price objective on shares of Playtech in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Playtech presently has a consensus rating of Buy and a consensus target price of GBX 1,033.57 ($14.02).

Playtech (LON:PTEC) traded down GBX 12.60 ($0.17) during trading on Thursday, reaching GBX 808.40 ($10.96). The company’s stock had a trading volume of 2,986,410 shares, compared to its average volume of 1,040,000. The firm has a market capitalization of $2,630.00 and a price-to-earnings ratio of 1,393.79. Playtech has a 12 month low of GBX 712.08 ($9.66) and a 12 month high of GBX 1,020 ($13.83).

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Playtech Company Profile

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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