11 Best Undervalued UK Stocks to Buy Right Now

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3. International Game Technology PLC (NYSE:IGT)

Forward P/E Ratio: 12.9

Number of Hedge Fund Holders: 35

International Game Technology PLC (NYSE:IGT) is a key player in the gaming industry with a portfolio of gaming technology and services. It operates through three main segments including Global lottery, Global gaming, and Digital and Betting. The company is based in London, United Kingdom but has operations in more than 100 countries.

2024 was a significant year for the company as it underwent strategic transformation by selling its Gaming and Digital business for over $4 billion in cash. As a result, International Game Technology PLC (NYSE:IGT) has become a pure lottery company. The company demonstrated its grip on this line of business by generating an adjusted EBITDA of $1.17 billion with improved margins at 47%. Management has used the cash from sales to reduce debt and plans on bringing the net debt leverage to a historic low of 2.4 times. It is one of the best undervalued UK stocks to buy right now.

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