Playtech (LON:PTEC) Stock Rating Reaffirmed by UBS Group
Playtech (LON:PTEC)‘s stock had its “buy” rating restated by stock analysts at UBS Group in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They presently have a GBX 535 ($6.99) price objective on the stock, up from their previous price objective of GBX 520 ($6.79). UBS Group’s price target would suggest a potential upside of 18.86% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Deutsche Bank increased their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a report on Friday. 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 575.82 ($7.52).
Shares of Playtech stock opened at GBX 450.10 ($5.88) on Friday. 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 debt-to-equity ratio of 60.09, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $1.39 billion and a PE ratio of 4.78. The firm has a 50-day moving average of GBX 419.80.
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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