Great Canadian Gaming (GC) Price Target Lowered to C$8.00 at National Bank Financial

Great Canadian Gaming (TSE:GC) had its target price dropped by analysts at National Bank Financial from C$8.25 to C$8.00 in a research report issued on Thursday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 78.12% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada decreased their target price on Great Canadian Gaming from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. TD Securities decreased their target price on Great Canadian Gaming from C$37.00 to C$36.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. Scotiabank raised their target price on Great Canadian Gaming from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 20th. Finally, Canaccord Genuity decreased their target price on Great Canadian Gaming from C$39.00 to C$38.00 in a research report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Great Canadian Gaming has an average rating of “Hold” and a consensus target price of C$31.33.

Shares of Great Canadian Gaming (GC) traded down C$0.04 on Thursday, reaching C$36.56. The company’s stock had a trading volume of 83,860 shares, compared to its average volume of 111,352. Great Canadian Gaming has a one year low of C$22.50 and a one year high of C$38.00. The firm has a market capitalization of $2,220.00, a price-to-earnings ratio of 26.11 and a beta of 0.19.

Great Canadian Gaming (TSE:GC) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$0.44 EPS for the quarter. Great Canadian Gaming had a return on equity of 24.40% and a net margin of 17.23%.

In related news, Director Karen Anne Keilty acquired 2,000 shares of Great Canadian Gaming stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of C$29.68 per share, for a total transaction of C$59,360.00. Also, insider Christopher Merrill Roberts sold 11,667 shares of Great Canadian Gaming stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of C$35.71, for a total value of C$416,628.57.

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About Great Canadian Gaming

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.

Analyst Recommendations for Great Canadian Gaming (TSE:GC)

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