Jackpotjoy (JPJ) Earns “Buy” Rating from Berenberg Bank

Jackpotjoy (LON:JPJ)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, March 15th. They presently have a GBX 1,150 ($16.14) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 41.98% from the stock’s previous close.

Separately, Canaccord Genuity raised their target price on shares of Jackpotjoy from GBX 955 ($13.41) to GBX 1,105 ($15.51) and gave the company a “buy” rating in a research note on Monday, November 27th. Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of GBX 975 ($13.69).

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Shares of JPJ traded up GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 810 ($11.37). 48,210 shares of the company’s stock were exchanged, compared to its average volume of 137,677. Jackpotjoy has a twelve month low of GBX 528.50 ($7.42) and a twelve month high of GBX 885 ($12.42).

In related news, insider Neil G. Goulden purchased 25,000 shares of Jackpotjoy stock in a transaction on Wednesday, March 21st. The stock was purchased at an average cost of GBX 820 ($11.51) per share, with a total value of £205,000 ($287,759.69).

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Jackpotjoy Company Profile

Jackpotjoy plc, through its subsidiaries, operates as an online gaming company. It operates through three segments: Jackpotjoy, Vera&John, and Mandalay. The company offers bingo, slot, casino, and other games through Jackpotjoy, Starspins, Botemania, Vera&John, Costa Bingo, InterCasino, and other brands.

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