Great Canadian Gaming (TSX: GC), the Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Sabahat Khan from RBC Capital rated Great Canadian Gaming (TSX: GC) a Buy, setting a C$63 price target.
Khan has an average return of 38.5% when recommending Great Canadian Gaming.
According to TipRanks.com, Khan is ranked #1009 out of 4857 analysts.
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Currently, the analyst consensus on Great Canadian Gaming is a Moderate Buy with an average price target of C$55.38, a 16.2% upside from current levels. In a report issued on August 10, Canaccord Genuity also maintained a Buy rating on the stock with a C$55 price target.
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Based on Great Canadian Gaming’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$29.2 million. In comparison, last year the company earned revenue of C$161 million and had a net profit of C$26.7 million.
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 Wednesday at C$47.64.
