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Playtech ( (GB:PTEC) ) has shared an update.
Playtech plc has announced the purchase of 128,865 of its own shares on the London Stock Exchange as part of its £43.7 million share buyback program. The acquired shares will be transferred to the company’s Employee Benefit Trust to fund awards under its employee share schemes, ensuring no change in the total number of shares in issue or voting rights, thus maintaining shareholder interests and transparency.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £405.00 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 gambling software, services, content, and platform technology across popular product verticals such as casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology through its integrated platform, Playtech ONE, and partners with leading brands in regulated markets to deliver data-driven gambling technology.
Average Trading Volume: 800,128
Technical Sentiment Signal: Buy
Current Market Cap: £1.04B
Find detailed analytics on PTEC stock on TipRanks’ Stock Analysis page.