November 30, 2016 - By Adrian Mccoy
London: In an analyst note published on Wednesday morning, Canaccord Genuity reconfirmed their “Buy” rating on shares of Playtech Ltd (LON:PTEC). They currently have a GBX 1140.00 TP on the firm. Canaccord Genuity’s target would indicate a potential upside of 34.00% from the company’s last stock price.
Out of 15 analysts covering Playtech Ltd (LON:PTEC), 13 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 87% are positive. GBX 1250 is the highest target while GBX 720 is the lowest. The GBX 1009 average target is 18.64% above today’s (GBX 850.5) stock price. Playtech Ltd has been the topic of 99 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Playtech PLC (LON:PTEC) earned “Buy” rating by Canaccord Genuity on Monday, May 23. Canaccord Genuity maintained the shares of PTEC in a report on Thursday, February 25 with “Buy” rating. As per Thursday, October 29, the company rating was maintained by Shore Capital. The rating was maintained by Canaccord Genuity on Monday, September 21 with “Buy”. The stock has “Neutral” rating given by Credit Suisse on Friday, March 11. The stock of Playtech PLC (LON:PTEC) has “Buy” rating given on Monday, October 5 by Canaccord Genuity. The company was maintained on Tuesday, November 24 by BNP Paribas. The company was maintained on Monday, November 14 by Canaccord Genuity. As per Friday, November 20, the company rating was maintained by BNP Paribas. Canaccord Genuity maintained Playtech PLC (LON:PTEC) on Thursday, January 14 with “Buy” rating.
About 19.35M shares traded hands or 1843.14% up from the average. Playtech PLC (LON:PTEC) has risen 14.61% since May 2, 2016 and is uptrending. It has outperformed by 9.38% the S&P500.
Playtech plc supplies online gaming software. The company has a market cap of 2.78 billion GBP. The Firm and its subsidiaries develop software platforms for the online and land gambling industry. It has a 31.56 P/E ratio. The Company’s gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land terminal and fixed-odds games.
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By Adrian Mccoy