Deutsche Bank Reiterates “Hold” Rating for Playtech (LON:PTEC)

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Playtech (LON:PTEC)‘s stock had its “hold” rating reissued by Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts have also issued reports on PTEC. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on shares of Diageo and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group lowered their price target on shares of Chemours from $48.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Playtech presently has an average rating of “Buy” and a consensus target price of GBX 575.82 ($7.52).

LON PTEC opened at GBX 450.10 ($5.88) on Friday. The company has a 50 day simple moving average of GBX 419.80. 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 current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 60.09. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 4.78.

In other news, insider John Jackson bought 5,000 shares of the firm’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, with a total value of £20,450 ($26,721.55).

About Playtech

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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