SciPlay Corp (NASDAQ:SCPL) Receives Average Recommendation of “Buy” from Brokerages

Shares of SciPlay Corp (NASDAQ:SCPL) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.31.

A number of research analysts recently issued reports on the company. Morgan Stanley assumed coverage on SciPlay in a report on Tuesday, May 28th. They set an “equal weight” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on SciPlay in a report on Tuesday, May 28th. They set an “overweight” rating and a $19.00 price target on the stock. Goldman Sachs Group assumed coverage on SciPlay in a report on Tuesday, May 28th. They set a “buy” rating and a $19.00 price target on the stock. Stephens assumed coverage on SciPlay in a report on Wednesday, May 22nd. They set an “overweight” rating and a $20.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on SciPlay in a report on Tuesday, May 28th. They set an “outperform” rating and a $19.00 price target on the stock.

Shares of NASDAQ:SCPL opened at $14.42 on Friday. SciPlay has a 1 year low of $12.72 and a 1 year high of $18.75.

In other news, major shareholder Park West Asset Management Llc acquired 497,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were acquired at an average cost of $15.93 per share, with a total value of $7,925,175.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joshua J. Wilson acquired 6,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $96,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,089,209 shares of company stock worth $16,316,181.

About SciPlay

SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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