Today’s Rating On Watch: Goodbody Restated Buy Rating For Playtech Ltd (LON:PTEC)

November 30, 2016 - By Louis Casey

Playtech Ltd (LON:PTEC) Rating

Today, Goodbody maintained their Buy rating on Playtech Ltd (LON:PTEC)‘s stock in a research note sent to investors and clients.

Playtech PLC (LON:PTEC) Ratings Coverage

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 18.57% above today’s (GBX 851) stock price. Playtech Ltd has been the topic of 99 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Tuesday, April 26, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained Playtech PLC (LON:PTEC) on Monday, November 14 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, October 27 report. Berenberg maintained the shares of PTEC in a report on Tuesday, November 15 with “Buy” rating. The firm has “Overweight” rating by Morgan Stanley given on Monday, July 11. The rating was reinitiated by Peel Hunt with “Hold” on Monday, November 23. Canaccord Genuity maintained Playtech PLC (LON:PTEC) rating on Wednesday, March 23. Canaccord Genuity has “Buy” rating and GBX 1000 price target. The firm has “Buy” rating by Canaccord Genuity given on Friday, June 10. As per Thursday, October 29, the company rating was maintained by Goodbody. The stock of Playtech PLC (LON:PTEC) has “Buy” rating given on Wednesday, May 18 by Goodbody.

About 18.96 million shares traded hands or 1803.98% 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 31.58 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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