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Playtech ( (GB:PTEC) ) has issued an update.
Playtech has announced the currency conversion rate for its Special Dividend, allowing shareholders to receive their dividend in Sterling instead of Euros. The conversion rate is set at £4.79028 per share, based on a EUR:GBP exchange rate of 0.836, reflecting the company’s commitment to providing flexible financial options for its stakeholders.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £7.80 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 Outperform.
Playtech’s overall stock score is primarily driven by strong earnings call insights and positive corporate events, which highlight strategic growth and financial stability. Technical analysis supports the bullish trend, while financial performance indicates areas for improvement in profitability and leverage.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Playtech is a leading company in the gambling software development industry, providing a range of products and services including casino, live casino, sports betting, virtual sports, bingo, and poker. The company focuses on delivering innovative technology solutions to the gaming industry, catering to both online and retail markets.
Average Trading Volume: 1,090,414
Technical Sentiment Signal: Strong Buy
Current Market Cap: £967.4M
For detailed information about PTEC stock, go to TipRanks’ Stock Analysis page.