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The latest update is out from Playtech ( (GB:PTEC) ).
Playtech plc has appointed Peel Hunt LLP as its Joint Corporate Broker, working alongside existing broker Jefferies International Limited. The move underscores Playtech’s continued engagement with the UK capital markets and may enhance its access to investors and advisory support as it pursues its strategy in regulated and newly regulated gambling markets.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £3.55 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 driven by its strong valuation and positive corporate events, which enhance shareholder value. While financial performance shows potential, challenges in revenue growth and profitability need addressing. Technical indicators are favorable, supporting a positive outlook, but caution is advised due to potential overbought conditions.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Playtech plc, founded in 1999 and listed on the Main Market of the London Stock Exchange, is a technology leader in the global gambling industry, employing over 7,400 people across 20 countries. The company provides business intelligence-driven gambling software, services, content and platform technology across key product verticals including casino, live casino, sports betting, bingo and poker, and is known for its omni-channel Playtech ONE platform, which delivers integrated marketing, single wallet, CRM and responsible gambling solutions to leading online and retail operators, land-based casinos and government-backed lotteries in regulated and newly regulated markets.
Average Trading Volume: 1,421,078
Technical Sentiment Signal: Hold
Current Market Cap: £828.2M
For an in-depth examination of PTEC stock, go to TipRanks’ Overview page.