Great Canadian Gaming (TSX: GC), the Services sector company, was revisited by a Wall Street analyst today. Analyst Derek Dley from Canaccord Genuity remains bullish on the stock and has a C$55 price target.
Dley commented:
“We are reiterating our BUY rating and target price of C$55.00 ahead of the release of Q1/18 financial results.”
Dley has an average return of 48.4% when recommending Great Canadian Gaming.
According to TipRanks.com, Dley is ranked #366 out of 4850 analysts.
Read also: Weight Watchers (WTW) Runs Downhill, But this Analyst Thinks Now Is the Time to Buy the Stock
Currently, the analyst consensus on Great Canadian Gaming is a Moderate Buy with an average price target of C$54.88.
Great Canadian Gaming’s market cap is currently C$2.91B and has a P/E ratio of 30.6. The company has a Price to Book ratio of 5.83.
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 Friday at C$45.54.
