Tatts Group Stock Rating Reaffirmed by CIMB (TTS)
Tatts Group (ASX: TTS)‘s stock had its “neutral” rating restated by analysts at CIMB in a research report issued to clients and investors on Thursday. They currently have a $3.09 (3 AUD) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Tatts Group in a research note to investors on Tuesday. They now have a $3.45 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Tatts Group in a research note to investors on Thursday, February 7th. They now have a $3.92 price target on the stock. Finally, analysts at Nomura upgraded shares of Tatts Group to a “buy” rating in a research note to investors on Wednesday, January 30th. They now have a $3.80 price target on the stock.
Tatts Group traded down 1.81% on Thursday, hitting A$3.250. Tatts Group has a 1-year low of A$2.250 and a 1-year high of A$2.950. The stock’s 50-day moving average is currently A$2.74. The company has a market cap of A$4.429 billion and a price-to-earnings ratio of 13.91.
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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