Playtech PLC 22.9% upside potential indicated by Deutsche

Playtech API with ticker (LON:PTEC) now has an upside potential of 22.9% according to Deutsche.

Deutsche has set a target price of 602 GBX for the company, which compared to Playtech PLC’s share price of 464 GBX at the open today (08/09/2022), indicates a potential upside of 22, 9%. Trading hovered between 4 (52-week low) and 468 (52-week high), with an average of 576,605 shares traded daily. The market capitalization at the time of writing is £1,426,030,845.

Playtech plc is a technology company that provides online gaming software in the gambling industry. The company covers the end-to-end gaming value chain, including design, development and distribution across all gaming verticals integrated with its Information Management Solution (IMS) platform. It offers business intelligence-driven gaming software, services, content and platform technology across all product verticals, including casino, live casino, sports betting, virtual sports , bingo and poker. The Company’s segments include B2B and B2C. The B2B segment includes Casino, Services, Sports, Bingo, Poker and Others. Its B2C segment includes Snaitech, Sun Bingo and other business-to-customer (B2C) sports businesses. It has approximately 180 licensees operating in more than 30 regulated markets and with offices in 26 countries. It operates in Italy, United Kingdom, Alderney, Republic of Colombia, Sweden, Gibraltar, Cyprus, Latvia, Australia, Ukraine, Costa Rica, Estonia and others.