Mor Weizer Purchases 44,425 Shares of Playtech plc (LON:PTEC) Stock

Playtech plc (LON:PTEC – Get Rating) insider Mor Weizer purchased 44,425 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of GBX 620 ($7.71) per share, with a total value of £275,435 ($342,580.85).

Playtech Trading Down 2.5 %

LON:PTEC opened at GBX 609.50 ($7.58) on Friday. The firm has a fifty day simple moving average of GBX 558.21 and a 200-day simple moving average of GBX 551.29. The company has a market capitalization of £1.89 billion, a P/E ratio of 5,079.17, a PEG ratio of 1.28 and a beta of 1.34. Playtech plc has a 12 month low of GBX 360.80 ($4.49) and a 12 month high of GBX 640 ($7.96). The company has a current ratio of 0.96, a quick ratio of 1.09 and a debt-to-equity ratio of 37.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 630 ($7.84) price target on shares of Playtech in a research note on Thursday, March 23rd. Numis Securities reaffirmed a “buy” rating and issued a GBX 770 ($9.58) price target on shares of Playtech in a report on Monday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Playtech from GBX 615 ($7.65) to GBX 697 ($8.67) and gave the company a “buy” rating in a research report on Thursday.

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.