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Playtech ( (GB:PTEC) ) has issued an update.
Playtech plc has announced the commencement of a share buyback programme, intending to purchase up to £43.7 million worth of its ordinary shares by 31 March 2026. The shares acquired will be transferred to the company’s Employee Benefit Trust to support future employee share schemes, ensuring the total number of shares and voting rights remain unchanged. The programme will be conducted under the authority granted by shareholders and executed by Goodbody Stockbrokers and Jefferies International, adhering to relevant regulatory frameworks.
The most recent analyst rating on (GB:PTEC) stock is a Hold with a £417.00 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 stock score is driven by a mixed financial performance with strong gross profitability but challenges in revenue growth and leverage. The technical analysis indicates weak momentum, while the valuation suggests the stock is reasonably priced. The earnings call provides a cautiously optimistic outlook, focusing on strategic growth in high-potential markets.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Founded in 1999 and listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,400 employees across 20 countries. The company delivers business intelligence-driven 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, which offers data-driven marketing, single wallet functionality, CRM, and responsible gambling solutions.
Average Trading Volume: 860,784
Technical Sentiment Signal: Buy
Current Market Cap: £1.09B
For an in-depth examination of PTEC stock, go to TipRanks’ Overview page.