International Game Technology – Consensus Indicates 59.9% Upside Potential
International game technology with ticker code (IGT) now have 10 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 62 and 24 and has an average objective at 35.29. Together with the stock’s previous close at 22.07, this indicates there is 59.9% upside potential. The 50 day moving average is at 22.14 and the 200 moving average now moves to 25.57. The company’s market capitalization is $4,450 million. Company website: https://www.igt.com
The potential market capitalization would be $7,115 million based on market consensus.
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International Game Technology PLC operates and provides game technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. It operates in three segments: Global Lottery, Global Gaming and Digital & Betting. 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. Moreover, it offers digital games and bets; sports betting; and technology and management services. In addition, the Company provides digital gaming products and services, including blackjack, roulette, slot machine games, poker, bingo and other casino card 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, electronic vouchers and retail programs, electronic tax payments, prepaid card recharges, stamp duties and money transfer services. 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