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An update from Playtech ( (GB:PTEC) ) is now available.
Playtech plc has announced the purchase of 124,380 ordinary shares as part of its £43.7 million share buyback program. The shares, bought at an average price of £3.3917, are being transferred to the company’s Employee Benefit Trust to fund employee share schemes. This move keeps the total number of shares in issue and voting rights unchanged at 309,294,243, maintaining transparency and stability for shareholders.
The most recent analyst rating on (GB:PTEC) stock is a Hold with a £389.00 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 score is driven by its strong financial performance and reasonable valuation. However, bearish technical indicators and revenue challenges weigh on the score. The company’s strategic focus on high-growth markets and positive EBITDA guidance provide a cautiously optimistic outlook.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Playtech, founded in 1999, is a leading technology company in the gambling industry, listed on the London Stock Exchange. 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. The company operates on a B2B basis, partnering with leading brands in regulated markets to deliver its technology across the online and retail value chain.
Average Trading Volume: 794,847
Technical Sentiment Signal: Buy
Current Market Cap: £1.03B
Learn more about PTEC stock on TipRanks’ Stock Analysis page.