In a report released today, Leo Partridge from Morgans maintained a Buy rating on Lottery Corporation Limited (TLC – Research Report), with a price target of A$5.30. The company’s shares closed yesterday at A$4.83.

Partridge covers the Consumer Cyclical sector, focusing on stocks such as Aristocrat Leisure Limited, Star Entertainment Group Limited, and Tabcorp Holdings Limited. According to TipRanks, Partridge has an average return of 3.3% and a 41.67% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lottery Corporation Limited with a A$5.41 average price target, implying a 12.01% upside from current levels. In a report released on January 15, J.P. Morgan also maintained a Buy rating on the stock with a A$5.25 price target.

TLC market cap is currently A$10.79B and has a P/E ratio of 26.06.

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The Lottery Corp is Australia’s largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.