Truist Financial analyst Barry Jonas maintained a Buy rating on International Game Technology (IGT – Research Report) on November 28 and set a price target of $35.00. The company’s shares closed yesterday at $26.37.
Jonas covers the Consumer Cyclical sector, focusing on stocks such as Churchill Downs, International Game Technology, and MGM Resorts. According to TipRanks, Jonas has an average return of 7.7% and a 41.41% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for International Game Technology with a $39.33 average price target.
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IGT market cap is currently $5.32B and has a P/E ratio of 54.91.
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International Game Technology (IGT) Company Description:
International Game Technology Plc engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the following segments: North America Gaming and Interactive; North America Lottery, International, Italy, and Other. The North America Gaming and Interactive segment develops and delivers leading games, systems and solutions for land-based casinos, DoubleU Games DoubleDown casino free-to-play social casino app, and interactive for-wager online play. The North America Lottery segment is involved in the development and delivery of lottery solutions, performing research and development for all lottery-related products globally. The International segment specializes in end-to-end solutions and services across all channels to regulated clients in Commercial Gaming and Lottery sectors such as strategic development and operation management. The Italy segment is responsible for lottery and machine gaming concessions, as well as ports betting, interactive gaming, and commercial services. The company was founded on July 11, 2014 and is headquartered in London, the United Kingdom.
Read More on IGT:
- International Game signs multi-year betting agreement with casino in Puerto Rico
- Penn to debut ESPN Bet platform prior to Thanksgiving week sports calender
- International Game price target lowered to $48 from $50 at Susquehanna
- International Game unit extends contract with South Dakota Lottery
- International Game price target lowered to $35 from $37 at Truist
