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DJ Sportech Seen Financially Sound, Able to Reward Shareholders -- Market Talk

· 02/05/2021 04:24

0924 GMT - Sportech seems well positioned to keep shareholders happy and capitalize on the U.S. regulatory environment, Peel Hunt says. The betting-technology company has disposed of non-core businesses and enjoys an overall positive cash performance, the brokerage says. "Sportech has the potential to return capital to shareholders and to benefit from the regulation of sports betting in Connecticut, if that were to be permitted," it says. Peel Hunt has a buy rating on the stock and a target price of 40 pence. (matteo.castia@dowjones.com)

(END) Dow Jones Newswires

February 05, 2021 04:24 ET (09:24 GMT)

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