Playtech (LON:PTEC) Given New GBX 697 Price Target at Deutsche Bank Aktiengesellschaft

Playtech (LON:PTEC – Get Rating) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 615 ($7.65) to GBX 697 ($8.67) in a research note published on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other analysts also recently commented on PTEC. Numis Securities reissued a buy rating and set a GBX 770 ($9.58) price objective on shares of Playtech in a report on Monday, February 6th. Jefferies Financial Group reissued a buy rating and set a GBX 630 ($7.84) price objective on shares of Playtech in a report on Thursday, March 23rd.

Playtech Stock Down 0.6 %

PTEC stock opened at GBX 621.33 ($7.73) on Thursday. The company has a market cap of £1.92 billion, a P/E ratio of 5,208.33, a P/E/G ratio of 1.28 and a beta of 1.34. Playtech has a 52 week low of GBX 360.80 ($4.49) and a 52 week high of GBX 640 ($7.96). The company’s 50-day moving average price is GBX 556.78 and its 200 day moving average price is GBX 550.85. The company has a current ratio of 0.96, a quick ratio of 1.09 and a debt-to-equity ratio of 37.24.

About Playtech

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