Were Analysts Bearish Playtech plc (LON:PTEC) This Week?

April 17, 2018 - By Vivian Park

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Playtech plc (LON:PTEC) Ratings Coverage

Among 11 analysts covering Playtech (LON:PTEC), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Playtech had 26 analyst reports since November 2, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, November 2 by Numis Securities. Morgan Stanley maintained Playtech plc (LON:PTEC) rating on Friday, November 3. Morgan Stanley has “Overweight” rating and GBX 1050 target. The company was maintained on Tuesday, February 27 by Credit Suisse. The company was maintained on Monday, February 26 by Citigroup. Numis Securities maintained Playtech plc (LON:PTEC) rating on Thursday, February 22. Numis Securities has “Buy” rating and GBX 1040 target. Morgan Stanley maintained the shares of PTEC in report on Monday, January 8 with “Overweight” rating. The rating was maintained by Morgan Stanley with “Overweight” on Friday, February 23. The rating was maintained by Credit Suisse on Monday, March 5 with “Outperform”. As per Friday, February 23, the company rating was maintained by Deutsche Bank. The stock of Playtech plc (LON:PTEC) earned “Overweight” rating by Morgan Stanley on Friday, March 23. Below is a list of Playtech plc (LON:PTEC) latest ratings and price target changes.

16/04/2018 Broker: Morgan Stanley Rating: Overweight Old Target: GBX 1020.00 New Target: GBX 1100.00 Reiteration
23/03/2018 Broker: Morgan Stanley Rating: Overweight Old Target: GBX 1020.00 New Target: GBX 1020.00 Maintain
05/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 930.00 New Target: GBX 930.00 Maintain
27/02/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 980.00 New Target: GBX 930.00 Maintain
26/02/2018 Broker: Citigroup Rating: Buy New Target: GBX 1000.00 Maintain
23/02/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 1060.00 New Target: GBX 1070.00 Maintain
23/02/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 806.00 New Target: GBX 806.00 Maintain
23/02/2018 Broker: Morgan Stanley Rating: Overweight Old Target: GBX 1050.00 New Target: GBX 1020.00 Maintain
22/02/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 1090.00 New Target: GBX 1050.00 Reiteration
22/02/2018 Broker: Numis Securities Rating: Buy New Target: GBX 1040.00 Maintain

The stock increased 0.44% or GBX 3.6 during the last trading session, reaching GBX 813.2. About 1.26M shares traded. Playtech plc (LON:PTEC) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Playtech plc engages in the development and licensing of software products for the online and land gambling industries. The company has market cap of 2.56 billion GBP. The firm operated through Gaming and Financials divisions. It has a 8.87 P/E ratio. The Company’s gaming applications comprise online casino, poker and other P2P games, bingo, mobile and social gaming, land based terminal, sports betting, lottery, and casual and fixed-odds games.

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