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Lottomatica Expands Share Buyback Program

Story Highlights
  • Lottomatica operates in the gaming industry, focusing on lotteries and gaming services.
  • The company purchased 154,144 shares, increasing treasury shares to 0.758% of outstanding shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lottomatica Expands Share Buyback Program

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Lottomatica Group S.P.A. ( (IT:LTMC) ) just unveiled an update.

Lottomatica Group S.p.A. announced the purchase of 154,144 ordinary shares as part of its ongoing share buyback program, with transactions executed by Goldman Sachs International. This move increases their treasury shares to 0.758% of outstanding shares, reflecting a strategic effort to enhance shareholder value and strengthen market positioning.

The most recent analyst rating on (IT:LTMC) stock is a Buy with a EUR27.50 price target. To see the full list of analyst forecasts on Lottomatica Group S.P.A. stock, see the IT:LTMC Stock Forecast page.

More about Lottomatica Group S.P.A.

Lottomatica Group S.p.A. operates in the gaming industry, focusing on providing lottery and gaming services. The company is involved in various market segments, including gaming machines, sports betting, and online gaming, positioning itself as a key player in the European gaming market.

Average Trading Volume: 788,949

Technical Sentiment Signal: Buy

Current Market Cap: €5.94B

See more data about LTMC stock on TipRanks’ Stock Analysis page.

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