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

Great Canadian Gaming (TSE:GC) had its target price lowered by National Bank Financial from C$8.25 to C$8.00 in a report issued on Thursday morning. The firm currently has a sector perform rating on the stock.

GC has been the topic of several other reports. TD Securities reduced their price target 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. Royal Bank of Canada dropped their price objective on Great Canadian Gaming from C$41.00 to C$40.00 and set an outperform rating on the stock in a research note on Friday, November 10th. Scotiabank increased their price objective on Great Canadian Gaming from C$35.00 to C$38.00 and gave the stock a sector perform rating in a research note on Wednesday, December 20th. Finally, Canaccord Genuity dropped their price objective on Great Canadian Gaming from C$39.00 to C$38.00 in a research note on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of C$31.33.

Shares of Great Canadian Gaming (GC) opened at C$35.03 on Thursday. Great Canadian Gaming has a fifty-two week low of C$22.50 and a fifty-two week high of C$38.00. The firm has a market capitalization of $2,130.00, a P/E ratio of 25.02 and a beta of 0.31.

Great Canadian Gaming (TSE:GC) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.44 earnings per share for the quarter. Great Canadian Gaming had a return on equity of 24.40% and a net margin of 17.23%. The firm had revenue of C$159.60 million for the quarter.

In related news, Director Karen Anne Keilty bought 2,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of C$29.68 per share, with a total value of C$59,360.00. Also, insider Christopher Merrill Roberts sold 11,667 shares of the stock in a transaction on Friday, January 19th. The shares were 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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