Playtech (LON:PTEC) Given New GBX 433 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for Playtech from GBX 417 to GBX 433, indicating a potential upside of 11.35% from the stock's current price with a "buy" rating.
• Peel Hunt also reaffirmed a "buy" rating on Playtech and set a higher price target of GBX 510.
• Currently, Playtech shares are trading around GBX 388.88, down 5.6%, from a recent peak of GBX 447.

Playtech (LON:PTEC - Get Free Report) had its price objective increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 417 to GBX 433 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 11.35% from the stock's current price.

Separately, Peel Hunt reaffirmed a "buy" rating and set a GBX 510 price target on shares of Playtech in a research report on Friday, August 1st.

Playtech Stock Down 5.6%

Shares of PTEC stock opened at GBX 388.88 on Thursday. Playtech has a 1-year low of GBX 250.80 and a 1-year high of GBX 447. The stock's fifty day moving average price is GBX 403.46 and its 200 day moving average price is GBX 506.64. The company has a debt-to-equity ratio of 40.06, a current ratio of 1.55 and a quick ratio of 1.09. The company has a market cap of £1.19 billion, a price-to-earnings ratio of 542.37, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26.

Playtech Company Profile

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.

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