Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Playtech (LON:PTEC) Stock Price

Playtech (LON:PTEC) had its price target decreased by analysts at Deutsche Bank Aktiengesellschaft from GBX 433 to GBX 390 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 43.91% from the company’s current price.

Separately, Jefferies Financial Group cut Playtech to a “hold” rating and decreased their target price for the company from GBX 405 to GBX 240 in a research report on Tuesday, November 25th.

Playtech Price Performance

Shares of Playtech stock opened at GBX 271 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06. The stock has a market cap of £765.50 million, a PE ratio of 0.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The company’s 50-day moving average price is GBX 273.60 and its two-hundred day moving average price is GBX 330.69. Playtech has a 52 week low of GBX 210 and a 52 week high of GBX 447.

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.