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Playtech ( (GB:PTEC) ) has issued an announcement.
Playtech PLC announced the purchase of 305,733 ordinary shares as part of its £43.7 million share buyback program. The shares, acquired through Jefferies International Limited, are being transferred to the company’s Employee Benefit Trust to fund awards under its employee share schemes. This transaction does not affect the total number of shares in issue or voting rights, maintaining the figure at 309,294,243. The buyback program, which began on 25 September 2025, aims to support Playtech’s capital management strategy and enhance shareholder value.
The most recent analyst rating on (GB:PTEC) stock is a Hold with a £240.00 price target. To see the full list of analyst forecasts on Playtech stock, see the GB:PTEC Stock Forecast page.
Spark’s Take on GB:PTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:PTEC is a Neutral.
Playtech’s overall stock score is driven by its mixed financial performance and undervaluation. While the company shows potential with strategic growth initiatives and a strong cash position, technical indicators highlight bearish momentum, and revenue challenges persist. The earnings call provides a cautiously optimistic outlook, but risks in emerging markets and revenue declines need to be addressed.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Playtech, founded in 1999 and listed on the London Stock Exchange, is a leading technology company in the gambling industry. It provides business intelligence-driven gambling software, services, content, and platform technology across various product verticals, including casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology, Playtech ONE, which integrates data-driven marketing, single wallet functionality, CRM, and responsible gambling solutions across both retail and online platforms. The company partners with leading brands in regulated markets to deliver its technology on a B2B basis to online and retail operators, land-based casino groups, and government-sponsored entities.
Average Trading Volume: 1,394,601
Technical Sentiment Signal: Sell
Current Market Cap: £729.6M
Learn more about PTEC stock on TipRanks’ Stock Analysis page.