International Game Technology – Consensus indicates 35.4% upside potential

International gaming technology with the ticker code (IGT) now have 9 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 59 and 30 and has an average objective at 40.21. Now, with the previous closing price of 29.69, this now indicates that there is 35.4% upside potential. The 50 day moving average now sits at 27.37 and the 200 moving average now moves to 24.9. The company has a market cap of $6,242 million. Company website:

The potential market capitalization would be $8,453 million based on market consensus.

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International Game Technology PLC operates and provides game technology products and services worldwide. It operates in two segments, Global Lottery and Global Gaming. The company designs, sells, operates and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping and delivery services. It also designs, develops, assembles and supplies cabinets, games, systems and software for the gaming market, as well as game management systems for casino management, customer relationship management, clients and server games. In addition, the Company provides Video Lottery Terminals (VLT), VLT Central Systems and VLT Games; and entertainment with slot machines and games for licensed operators. In addition, it offers sports betting technology and management services, as well as various retail point-of-sale products. In addition, the Company provides digital gaming products and services, including online poker, bingo and casino table and slot games; social casino content; and remote game server, as well as iGaming systems and digital platforms that offer player account management, advanced marketing and analytics, and payment system services. It processes business transactions, such as prepaid cell phone recharges, bill payments, e-vouchers and retail programs, electronic tax payments, prepaid card recharges, and stamp duty services and money transfers. The company was previously known as GTECH SpA and changed its name to International Game Technology PLC in April 2015. The company was founded in 2014 and is headquartered in London, UK. International Game Technology PLC is a subsidiary of De Agostini SpA

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