Citigroup Reiterates Buy Rating for Playtech (LON:PTEC)

Citigroup reissued their buy rating on shares of Playtech (LON:PTEC) in a report issued on Tuesday morning, Marketbeat.com reports. Citigroup currently has a GBX 720 ($8.89) price objective on the stock.

Playtech Price Performance

LON:PTEC opened at GBX 444 ($5.48) on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 40.58. The business’s 50-day simple moving average is GBX 456.54 and its two-hundred day simple moving average is GBX 436.82. The stock has a market cap of £444,000.00, a PE ratio of 1,531.03, a P/E/G ratio of 1.28 and a beta of 1.42. Playtech has a 52 week low of GBX 365.40 ($4.51) and a 52 week high of GBX 640 ($7.91).

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 marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops.