ALL 0.23% $43.00 aristocrat leisure limited

JPMorgan is tipping strong growth for Aristocrat Leisure,...

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    JPMorgan is tipping strong growth for Aristocrat Leisure, forecasting it will enter the iGaming marker by the second half of the 2021 financial year. The broker held its overweight rating on the stock and increased its price target from $28.50 to $38.60, more than 32 per cent above its Tuesday close. JPMorgan is tipping strong growth ahead for Aristocrat Leisure. Aristocrat's return on invested capital hurdle leaves us confident the company will add roughly $7.60 a share of value to our sum-of-the-parts valuation," said analyst Don Carducci. "As such, we incorporate the company's entrance [into the iGaming industry] by 2HFY21."iGaming is real money slots and tables played online and is currently legal in six US states, with a very different customer base to the free-to-play online casino/slots." Aristocrat can 'build once and distribute twice'," said Mr Carducci. "Social casino games and iGaming verticals have overlapping R&D potential with dual-distribution avenues. The right strategy can enable a modular design platform with significant synergies across these channels."
 
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Last
$43.00
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0.100(0.23%)
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$43.00 $43.08 $42.75 $68.60M 1.596M

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No. Vol. Price($)
2 333 $42.90
 

Sellers (Offers)

Price($) Vol. No.
$43.09 3702 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$43.00
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$42.99 $43.07 $42.78 821754
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