JPMorgan Chase Reiterates Underweight on Tatts Group (TTS)
Tatts Group (ASX: TTS)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase in a report issued on Wednesday. They currently have a $2.42 (2 AUD) target price on the stock.
Tatts Group remained flat at A$2.820 during trading on Wednesday. Tatts Group has a 1-year low of A$2.250 and a 1-year high of A$2.950. The company has a market cap of A$3.843 billion and a price-to-earnings ratio of 11.85.
Tatts Group Limited (Tatts) is a provider of gambling services in Australia. The principal activities of Tatts include the operation of regulated lotteries in Victoria, Queensland, New South Wales, Tasmania, Australian Capital Territory and the Northern Territory; the conduct of wagering and sports betting based in Queensland, South Australia, the Northern Territory and Tasmania; the operation of licensed gaming machines in Victoria; the conduct of monitoring and supply of jackpot and other value add services in Queensland, New South Wales and the Northern Territory; the provision of third-party installation, repair and maintenance services for gaming, wagering, lottery, banking, point-of-sale and other transactional equipment and systems throughout Australia, and the operation of licensed gaming venues throughout the United Kingdom.
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