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The Stars Group Inc (TSGI) Gets a Buy Rating from Canaccord Genuity


Wall Street analyst has provided a review yesterday, and retained the same rating on the stock. Analyst Simon Davies from Canaccord Genuity rated The Stars Group Inc (TSGI) a Buy, setting a C$35 price target.

According to TipRanks.com, Davies is ranked #4488 out of 4912 analysts.

Currently, the analyst consensus on The Stars Group Inc is a Moderate Buy with an average price target of C$41, which is a 70.9% upside from current levels. In a report issued on October 26, BMO Capital also reiterated a Buy rating on the stock with a C$45 price target.

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Based on The Stars Group Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$19.77 million. In comparison, last year the company had a net profit of C$95.36 million.

The Stars Group, Inc. provides technology-based products and services in the global gaming and interactive entertainment industries. It owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, and the PokerStars Championship and PokerStars Festival live poker tour brands.

The company’s shares closed on Thursday at C$23.99, close to its 52-week low of C$23.09.