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Canaccord Genuity Sticks to Its Buy Rating for Great Canadian Gaming (GC)


Great Canadian Gaming (GC) has received a rating update from a Wall Street analyst on November 6. Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$60 price target on November 6.

Dley has an average return of 51.2% when recommending Great Canadian Gaming.

According to TipRanks.com, Dley is ranked #468 out of 4912 analysts.

Currently, the analyst consensus on Great Canadian Gaming is a Strong Buy with an average price target of C$62.75, representing a 20.8% upside. In a report issued on November 6, TD Securities also upgraded the stock to Buy with a C$70 price target.

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The company has a one-year high of C$55.85 and a one-year low of C$28.89. Currently, Great Canadian Gaming has an average volume of 236.6K.

Great Canadian Gaming Corp. is a multi-jurisdictional gaming, entertainment, and hospitality operator. Through its subsidiaries, it operates casinos that offers slot machines, community gaming centers, bingo hall, resort with hotels, conference centre and marina, show theatres, various associated food, beverage and entertainment facilities.

The company’s shares closed on Thursday at C$51.95, close to its 52-week high of C$55.85.