Playtech (LON:PTEC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Playtech (LON:PTEC) had its price target raised by investment analysts at Jefferies Financial Group from GBX 395 to GBX 405 in a research report issued on Friday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 20.54% from the stock’s current price.

PTEC has been the subject of a number of other reports. Peel Hunt reissued a “buy” rating and set a GBX 510 price target on shares of Playtech in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Playtech from GBX 417 to GBX 433 and gave the company a “buy” rating in a research note on Thursday, September 11th.

Playtech Stock Down 0.6%

Shares of LON:PTEC opened at GBX 336 on Friday. 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 one year low of GBX 250.80 and a one year high of GBX 447. The company has a market cap of £1.03 billion, a price-to-earnings ratio of 57.78, a PEG ratio of 1.28 and a beta of 1.26. The firm has a fifty day moving average price of GBX 384.44 and a two-hundred day moving average price of GBX 438.12.

Playtech announced that its Board of Directors has approved a share repurchase program on Thursday, September 25th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

About Playtech

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.