RBC Capital Reaffirms Their Buy Rating on Great Canadian Gaming (GC)


Great Canadian Gaming (GC), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Sabahat Khan from RBC Capital reiterated a Buy rating, with a C$64 price target.

Khan has an average return of 38.8% when recommending Great Canadian Gaming.

According to TipRanks.com, Khan is ranked #1086 out of 4907 analysts.

Currently, the analyst consensus on Great Canadian Gaming is a Strong Buy with an average price target of C$60.13, implying a 17.3% upside from current levels. In a report released yesterday, TD Securities also upgraded the stock to Buy with a C$70 price target.

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Great Canadian Gaming’s market cap is currently C$3.06B and has a P/E ratio of 22.3. The company has a Price to Book ratio of 5.58.

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$51.25.

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