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An update from Playtech ( (GB:PTEC) ) is now available.
Playtech plc announced that its Non-executive Chairman, John Gleasure, has acquired 95,000 ordinary shares of the company at a price of £3.0644 per share, totaling £291,118. This transaction, conducted on the London Stock Exchange, highlights a significant investment by a key executive, potentially indicating confidence in the company’s future prospects and stability in the gambling technology sector.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £9.03 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
Founded in 1999, Playtech is a leading technology company in the gambling industry, providing business intelligence-driven gambling software, services, content, and platform technology. The company operates across various popular product verticals such as casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology through its Playtech ONE platform, which offers integrated solutions for marketing, single wallet functionality, CRM, and responsible gambling across both retail and online channels.
Average Trading Volume: 1,121,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: £940M
Learn more about PTEC stock on TipRanks’ Stock Analysis page.