Royal Bank of Canada Increases Great Canadian Gaming (TSE:GC) Price Target to C$42.00

Great Canadian Gaming (TSE:GC) had its target price raised by research analysts at Royal Bank of Canada from C$40.00 to C$42.00 in a note issued to investors on Wednesday, December 20th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 25.41% from the stock’s current price.

GC has been the topic of several other reports. TD Securities reduced their price objective on Great Canadian Gaming from C$37.00 to C$36.00 and set a “hold” rating on the stock in a report on Friday, November 10th. Canaccord Genuity reduced their price objective on Great Canadian Gaming from C$39.00 to C$38.00 in a report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$36.00.

Shares of Great Canadian Gaming (GC) traded up C$0.05 during midday trading on Wednesday, hitting C$33.49. The stock had a trading volume of 57,661 shares, compared to its average volume of 83,429. The stock has a market capitalization of $2,040.00, a P/E ratio of 23.92 and a beta of 0.19. Great Canadian Gaming has a 12-month low of C$22.50 and a 12-month high of C$35.34.

Great Canadian Gaming (TSE:GC) last released 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 purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of C$29.68 per share, for a total transaction of C$59,360.00.

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Great Canadian Gaming 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.

Analyst Recommendations for Great Canadian Gaming (TSE:GC)

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