Playtech PLC (LON:PTEC) Given Average Recommendation of “Buy” by Brokerages

Shares of Playtech PLC (LON:PTEC) have received an average rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,135.50 ($14.79).

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Several equities analysts recently issued reports on PTEC shares. Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,140 ($14.85) target price on shares of Playtech PLC in a research note on Wednesday, May 17th. Morgan Stanley boosted their target price on shares of Playtech PLC from GBX 1,350 ($17.59) to GBX 1,380 ($17.98) and gave the company an “overweight” rating in a research note on Monday, July 17th.

Shares of Playtech PLC (LON PTEC) traded down 1.60% during mid-day trading on Monday, hitting GBX 953.00. 620,515 shares of the stock were exchanged. Playtech PLC has a 52-week low of GBX 757.50 and a 52-week high of GBX 1,020.00. The stock’s 50-day moving average price is GBX 972.85 and its 200-day moving average price is GBX 922.80. The company’s market cap is GBX 3.00 billion.

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In other Playtech PLC news, insider Shimon Akad sold 18,856 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of GBX 963 ($12.55), for a total transaction of £181,583.28 ($236,559.77).

About Playtech PLC

Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.