Playtech (LON:PTEC)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 840 ($12.69) price objective on the stock, up from their previous price objective of GBX 800 ($12.08). Morgan Stanley’s target price points to a potential upside of 27.27% from the stock’s previous close.
Shares of Playtech (LON: PTEC) traded up 2.58% during mid-day trading on Thursday, hitting GBX 677.00. Playtech has a one year low of GBX 331.50 and a one year high of GBX 685.50. The stock’s 50-day moving average is currently GBX 379.9. The company’s market cap is £1.971 billion.
A number of other analysts have also recently weighed in on PTEC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Playtech in a research note to investors on Thursday. They now have a GBX 780 ($11.78) price target on the stock. Separately, analysts at JP Morgan Cazenove reiterated an “overweight” rating on shares of Playtech in a research note to investors on Friday, July 12th. They now have a GBX 800 ($12.08) price target on the stock.
One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Playtech has a consensus rating of “Buy” and a consensus price target of GBX 718.60 ($10.85).
Playtech Limited is an online gaming software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators.