Great Canadian Gaming Corp (GC) Receives Average Rating of “Buy” from Analysts

Great Canadian Gaming Corp (GC) Receives Average Rating of “Buy” from Analysts

Shares of Great Canadian Gaming Corp (TSE:GC) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$26.80.

GC has been the subject of a number of analyst reports. Scotiabank cut shares of Great Canadian Gaming Corp from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$29.00 to C$26.00 in a research note on Friday, February 10th. TD Securities cut shares of Great Canadian Gaming Corp from an “action list buy” rating to a “buy” rating and raised their price target for the stock from C$30.00 to C$31.00 in a research note on Tuesday, January 17th. Canaccord Genuity restated a “buy” rating and set a C$31.00 price target on shares of Great Canadian Gaming Corp in a research note on Tuesday, January 31st. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a C$25.00 price target on shares of Great Canadian Gaming Corp in a research note on Wednesday, March 8th.

In related news, Director William David Fretz sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of C$17.63, for a total value of C$352,600.00. Also, Director Chuck Keeling sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of C$24.55, for a total transaction of C$71,195.00. In the last quarter, insiders bought 8,334 shares of company stock valued at $119,826 and sold 24,736 shares valued at $469,760.

Shares of Great Canadian Gaming Corp (TSE:GC) traded up 0.65% on Monday, hitting $24.62. The company’s stock had a trading volume of 245,072 shares. Great Canadian Gaming Corp has a 1-year low of $16.55 and a 1-year high of $26.20. The firm has a market cap of $1.51 billion and a PE ratio of 20.52. The company has a 50 day moving average of $24.44 and a 200 day moving average of $24.22.

Great Canadian Gaming Corp Company Profile

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia and Washington State. The Company has approximately 20 gaming properties, consisting of over three community gaming centers, four racetracks and 10 casinos, including over two with a Four Diamond resort hotel.

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