Great Canadian Gaming (TSE:GC) insider David Roger Desmarais sold 2,667 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of C$35.89, for a total value of C$95,718.63.
Shares of GC stock traded down C$0.03 during trading hours on Friday, reaching C$34.08. 118,236 shares of the company’s stock were exchanged, compared to its average volume of 108,081. Great Canadian Gaming has a 1 year low of C$22.95 and a 1 year high of C$38.56.
Great Canadian Gaming (TSE:GC) last issued its earnings results on Tuesday, March 6th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.09). Great Canadian Gaming had a return on equity of 24.40% and a net margin of 17.23%. The business had revenue of C$151.00 million for the quarter, compared to analysts’ expectations of C$155.60 million.
A number of analysts have weighed in on GC shares. Royal Bank of Canada increased their price objective on Great Canadian Gaming from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. TD Securities increased their target price on Great Canadian Gaming from C$36.00 to C$37.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Scotiabank increased their target price 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, National Bank Financial cut their target price on Great Canadian Gaming from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$33.60.
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Great Canadian Gaming Company Profile
Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company's gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of March 7, 2018, it had 25 gaming, entertainment, and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State.
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