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

Playtech (LON:PTEC) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 417 to GBX 433 in a research note issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 13.35% from the stock’s current price.

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

Playtech Stock Down 7.3%

Shares of Playtech stock opened at GBX 382 on Thursday. The company has a debt-to-equity ratio of 40.06, a current ratio of 1.55 and a quick ratio of 1.09. Playtech has a 1 year low of GBX 250.80 and a 1 year high of GBX 447. The firm’s 50-day moving average is GBX 403.61 and its two-hundred day moving average is GBX 504.30. The stock has a market cap of £1.17 billion, a price-to-earnings ratio of 532.78, a PEG 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.