Great Canadian Gaming (TSE:GC) had its target price decreased by investment analysts at Royal Bank of Canada from C$64.00 to C$63.00 in a research note issued to investors on Wednesday, May 1st, BayStreet.CA reports. The firm presently has an “average” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 46.75% from the stock’s current price.
Other research analysts have also issued research reports about the stock. TD Securities cut their price target on shares of Great Canadian Gaming from C$70.00 to C$62.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Scotiabank restated an “average” rating and issued a C$54.00 price target on shares of Great Canadian Gaming in a report on Thursday, March 7th. Finally, Cormark cut their price target on shares of Great Canadian Gaming from C$44.00 to C$41.00 in a report on Friday, April 5th.
Shares of GC stock traded down C$0.18 during trading hours on Wednesday, hitting C$42.93. 289,393 shares of the company were exchanged, compared to its average volume of 291,055. The firm has a market cap of $2.51 billion and a P/E ratio of 17.44. Great Canadian Gaming has a 1 year low of C$40.43 and a 1 year high of C$56.32. The company has a debt-to-equity ratio of 238.04, a current ratio of 1.48 and a quick ratio of 1.37.
In other news, insider Christopher Merrill Roberts acquired 2,500 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of C$41.37 per share, for a total transaction of C$103,425.00. Following the completion of the purchase, the insider now directly owns 2,500 shares of the company’s stock, valued at approximately C$103,425. Also, Senior Officer Patrick Stephen Ennis acquired 2,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of C$42.19 per share, for a total transaction of C$84,380.00. Following the purchase, the insider now directly owns 4,500 shares of the company’s stock, valued at C$189,855.
About Great Canadian Gaming
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.
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