Playtech (LON:PTEC) had its price target raised by Morgan Stanley from GBX 1,020 ($14.60) to GBX 1,100 ($15.75) in a research report sent to investors on Monday. Morgan Stanley currently has an overweight rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group reiterated an outperform rating and issued a GBX 980 ($14.03) target price on shares of Playtech in a report on Thursday, January 11th. Berenberg Bank cut Playtech to a hold rating and cut their target price for the stock from GBX 1,000 ($14.32) to GBX 950 ($13.60) in a report on Thursday, January 11th. Citigroup reiterated a buy rating and issued a GBX 1,000 ($14.32) target price on shares of Playtech in a report on Monday, February 26th. Shore Capital reiterated a buy rating on shares of Playtech in a report on Thursday, February 15th. Finally, Barclays started coverage on Playtech in a research note on Wednesday, February 7th. They set an equal weight rating and a GBX 806 ($11.54) price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Playtech currently has an average rating of Buy and an average target price of GBX 1,006.62 ($14.41).
Shares of PTEC opened at GBX 807.80 ($11.57) on Monday. Playtech has a 12-month low of GBX 670 ($9.59) and a 12-month high of GBX 1,020 ($14.60).
The business also recently disclosed a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 3rd will be paid a dividend of €0.24 ($0.30) per share. The ex-dividend date is Thursday, May 3rd. This is a boost from Playtech’s previous dividend of $0.12. This represents a yield of 2.69%.
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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.
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