Playtech PLC 47.1% potential upside indicated by Citigroup

Playtech PLC with ticker (LON:PTEC) now has a potential upside of 47.1% according to Citigroup.



Citigroup set a target price of 720 GBX for the company, which when compared to the Playtech PLC share price of 490 GBX at opening today (03/05/2024) indicates a potential upside of 47.1%. Trading has ranged between 365 (52 week low) and 640 (52 week high) with an average of 349,099 shares exchanging hands daily. The market capitalisation at the time of writing is £1,527,458,686.

Playtech plc is a platform, content, and service provider in the online gambling industry. The Company is focused on delivering business intelligence-driven gambling software, services, content, and platform technology across product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It owns and operates sports betting and gaming brands in online and retail in Italy. The Company’s segments include B2B and B2C. The B2B segment includes Casino, Services, Sport, Bingo, Poker and Other. The B2C segment includes Snaitech, Sun Bingo and Other B2C and HAPPYBET. Its cross-platform capability runs via a unified information management system (IMS), which provides operators with the tools to maximize cross-selling opportunities, player loyalty and yield. IMS unifies Playtech products across all channels, including retail, presenting operators with a single account overview, and allowing them to streamline and optimize marketing spend, maximize cross-sell.