Credit Suisse Gives Playtech ‘Neutral’ Rating

Online gambling software company Playtech PLC (LON:PTEC) had its stock reinstated by stock analysts at Credit Suisse as “neutral” with a current price target of GBX 780 ($12.94).  Credit Suisse’s target price points to a potential upside of 8.24% from the company’s current price.

Other analysts, including Canaccord Genuity this past Thursday, have either reinstated or raised their price target on shares of Playtech PLC to a “buy” rating.  In the case of Canaccord Genuity, their price target on shares rose from GBX 825 ($13.69) to GBX 840 ($13.94). 

Overall, Playtech PLC currently has a consensus rating of “Buy” and an average price target of GBX 811.80 ($13.47).

Shares of Playtech PLC opened at 712.00 on Tuesday. Playtech PLC has a 1-year low of GBX 570.50 and a 1-year high of GBX 847.5001.

- Aaron Goldstein, Gambling911.com