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Home / Stocks and Markets at Lows / Playtech (PTEC.L) 06-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Playtech (PTEC.L) 06-02-20

Shares in Playtech (PTEC.L) have fallen notably from recent highs of 441.1p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

 

  • Currently at 352.9p (at time of writing). A move up to highs would represent a rise of 25%.
  • These share are amongst the biggest fallers in the period.
  • Is the move unfinished, or are we about to see a bounce?
  • The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
  • Shares -22% from 12-month highs; +2% from 12 month lows.

Latest News

10 Jan:  Deutsche Bank has upgraded its rating on Playtech Ltd (PTEC) to buy (from hold) and increased the target price to 471p (from 425p).

28 Nov:  Morgan Stanley has downgraded its rating on Playtech Ltd (PTEC) to underweight (from equal weight) and reduced the target price to 390p (from 550p).

25 Nov:  UBS reiterates its buy rating on Playtech Ltd (PTEC) and reduced the target price to 485p (from 535p).

25 Nov:  Deutsche Bank reiterates its hold rating on Playtech Ltd (PTEC) and reduced the target price to 425p (from 435p).

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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