Playtech (LON:PTEC) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

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 target price raised by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 417 to GBX 433 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 20.78% from the company's current price.

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

Playtech Price Performance

Shares of PTEC traded down GBX 6 during mid-day trading on Thursday, hitting GBX 358.50. 494,807 shares of the stock were exchanged, compared to its average volume of 2,189,953. The company has a market cap of £1.10 billion, a PE ratio of 500.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. Playtech has a 52-week low of GBX 250.80 and a 52-week high of GBX 447. The firm has a 50-day moving average of GBX 403.57 and a two-hundred day moving average of GBX 497.72. The company has a debt-to-equity ratio of 40.06, a quick ratio of 1.09 and a current ratio of 1.55.

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.