Great Canadian Gaming Corp (GC) Sets New 1-Year High at $34.36
Shares of Great Canadian Gaming Corp (TSE:GC) hit a new 52-week high during trading on Thursday . The stock traded as high as C$34.36 and last traded at C$34.15, with a volume of 159,594 shares. The stock had previously closed at C$34.14.
Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Great Canadian Gaming Corp from C$29.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. TD Securities boosted their price target on Great Canadian Gaming Corp from C$31.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 11th. Canaccord Genuity boosted their price target on Great Canadian Gaming Corp from C$31.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Scotiabank boosted their price target on Great Canadian Gaming Corp from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$33.20.
The stock’s 50 day moving average is $29.82 and its 200-day moving average is $25.45. The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of 24.43.
In related news, insider Bruce Barbour purchased 2,501 shares of the business’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of C$16.10 per share, with a total value of C$40,266.10.
About Great Canadian Gaming Corp
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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