Analysts Reinstate Playtech’s “Buy” Rating

Playtech iGaming Software

Playtech iGaming Software

Playtech, the online casino software provider which provides games to online casinos such as Casino.com and SlotsHeaven.com, has had its “buy” rating reaffirmed by market analysts. Playtech is listed on the London Stock Exchange and learned this week that analysts at Daniel Stewart and Co. had issued a ‘buy’ rating to its clients and investors. Playtech has a $13.93 price target on its stock, and the Daniel Stewart and Co. price target suggests an upside of 20.26% from the group’s current price.

Daniel Stewart and Co. are not the only analysts to react to Playtech’s current good stand in the industry. Deutsche Bank also reiterated its ‘buy’ rating for Playtech at the beginning of the month, while analysts at Nomura set a ‘neutral’ rating.

Founded in 2001, Playtech listed its share on the London AIM in 2006 and officially became a public company. In 2012, following a spectacular two year growth, the company listed on London’s Main Market. Playtech is considered one of the world’s leading suppliers of online gaming software, and its games are sought after by discerning online gamblers. The group’s unique cross platform approach means that cutting edge games can be played on desktop or mobile platforms, for free or real money.

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