Great Canadian Gaming (GC) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Great Canadian Gaming (TSE:GC) from a hold rating to a buy rating in a research report released on Wednesday.

A number of other research analysts have also issued reports on GC. Royal Bank of Canada boosted their price target on Great Canadian Gaming from C$63.00 to C$64.00 and gave the stock an outperform rating in a research report on Wednesday. Cormark reduced their price target on Great Canadian Gaming from C$49.00 to C$44.00 in a research report on Friday, August 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$43.42.

Shares of GC opened at C$51.01 on Wednesday. The company has a quick ratio of 3.37, a current ratio of 3.57 and a debt-to-equity ratio of 108.29. Great Canadian Gaming has a 12 month low of C$28.89 and a 12 month high of C$55.85.

Great Canadian Gaming (TSE:GC) last announced its quarterly earnings results on Tuesday, August 14th. The company reported C$0.66 earnings per share (EPS) for the quarter. The business had revenue of C$305.30 million for the quarter. On average, analysts forecast that Great Canadian Gaming will post 3.01823646218948 EPS for the current year.

In other news, insider Darren John Alexander Gwozd acquired 1,200 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was acquired at an average price of C$46.50 per share, for a total transaction of C$55,800.00.

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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Analyst Recommendations for Great Canadian Gaming (TSE:GC)

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