Tatts Group Stock Rating Reaffirmed by Nomura (TTS)
Tatts Group traded down 1.68% on Thursday, hitting A$2.920. Tatts Group has a 1-year low of A$2.250 and a 1-year high of A$2.960. The company has a market cap of A$3.980 billion and a price-to-earnings ratio of 12.48.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “underperform” rating on shares of Tatts Group in a research note to investors on Friday, November 23rd. They now have a $2.55 price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Tatts Group in a research note to investors on Monday, November 12th. They now have a $2.71 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an “underweight” rating on shares of Tatts Group in a research note to investors on Wednesday, October 24th. They now have a $2.42 price target on the stock.
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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