SciPlay Corp (SCPL) Initiated with a Buy at Wedbush


SciPlay Corp (SCPL) received a Buy rating and a $20 price target from Wedbush analyst Michael Pachter today. The company’s shares closed on Friday at $15.77.

According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.2% and a 50.2% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SciPlay Corp with a $19.56 average price target, a 24.0% upside from current levels. In a report issued on May 22, Stephens also initiated coverage with a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $18.75 and a one-year low of $14.01. Currently, SciPlay Corp has an average volume of 1.9M.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SciPlay Corp. engages in the development and publishing of digital games on mobile and web platforms. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino and Quick Hit Slots, and casual games which include Monopoly Slots, Bingo Showdown and 88 Fortunes Slots.

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