Analysts Set Great Canadian Gaming Corp (GC) Price Target at $34.40

Shares of Great Canadian Gaming Corp (TSE:GC) have received an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$34.40.

GC has been the subject of several recent analyst reports. TD Securities boosted their price target on Great Canadian Gaming Corp from C$31.00 to C$37.00 and gave the stock a “buy” rating in a research note 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 stock a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada boosted their price target on Great Canadian Gaming Corp from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Scotiabank boosted their price target on Great Canadian Gaming Corp from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 9th.

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In other news, insider Bruce Barbour acquired 2,501 shares of Great Canadian Gaming Corp stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of C$16.10 per share, for a total transaction of C$40,266.10.

Shares of Great Canadian Gaming Corp (TSE:GC) remained flat at $31.12 on Wednesday. 91,055 shares of the company’s stock were exchanged. Great Canadian Gaming Corp has a 12-month low of $21.72 and a 12-month high of $35.34. The company’s 50-day moving average is $32.58 and its 200-day moving average is $27.42. The company has a market capitalization of $1.89 billion and a P/E ratio of 22.34.

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.

Analyst Recommendations for Great Canadian Gaming Corp (TSE:GC)

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