Great Canadian Gaming (TSE:GC) Price Target Cut to C$55.00
Great Canadian Gaming (TSE:GC) had its price target dropped by equities research analysts at TD Securities from C$56.00 to C$55.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 34.84% from the stock’s previous close.
Separately, Royal Bank of Canada decreased their price target on shares of Great Canadian Gaming from C$57.00 to C$55.00 and set an “outperform” rating for the company in a research report on Monday.
Great Canadian Gaming stock traded down C$0.96 during trading on Wednesday, reaching C$40.79. 259,007 shares of the company’s stock were exchanged, compared to its average volume of 235,350. The business’s 50-day simple moving average is C$44.19. The company has a debt-to-equity ratio of 238.04, a quick ratio of 1.37 and a current ratio of 1.48. Great Canadian Gaming has a 52-week low of C$39.51 and a 52-week high of C$56.32. The company has a market cap of $2.41 billion and a price-to-earnings ratio of 16.57.
Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company's gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of December 19, 2018, it had 29 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State.
Recommended Story: Preferred Stock
Receive News & Ratings for Great Canadian Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Canadian Gaming and related companies with MarketBeat.com's FREE daily email newsletter.