In a new note to investors today, an analyst has provided a rating update for The Stars Group Inc (TSGI). The company received a Buy rating from BMO Capital’s analyst Tim Casey, with a C$42 price target.
According to TipRanks.com, Casey is a 4-star analyst with an average return of 8.0% and a 73.1% success rate. Casey covers the Services sector, focusing on stocks such as Shaw Communications Inc, The Stars Group Inc, and Cineplex.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Stars Group Inc with a C$38.13 average price target, which is a 64.6% upside from current levels. In a report released yesterday, Macquarie also reiterated a Buy rating on the stock with a C$37 price target.
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Based on The Stars Group Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$52.01 million. In comparison, last year the company had a net profit of C$60.06 million.
The Stars Group, Inc. provides technology-based products and services in the global gaming and interactive entertainment industries. It owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, and the PokerStars Championship and PokerStars Festival live poker tour brands.
The company’s shares closed on Friday at C$23.17, close to its 52-week low of C$20.25.
