Scotiabank Reaffirms Average Rating for Great Canadian Gaming (GC)

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Great Canadian Gaming (TSE:GC)‘s stock had its “average” rating restated by investment analysts at Scotiabank in a research report issued on Thursday. They currently have a C$54.00 price target on the stock. Scotiabank’s target price would indicate a potential upside of 4.65% from the company’s current price.

GC has been the topic of several other reports. Royal Bank of Canada upped their price objective on shares of Great Canadian Gaming from C$63.00 to C$64.00 and gave the company an “outperform” rating in a report on Wednesday, November 7th. TD Securities dropped their price objective on shares of Great Canadian Gaming from C$70.00 to C$62.00 and set a “buy” rating on the stock in a report on Wednesday.

TSE GC traded down C$0.34 during trading on Thursday, hitting C$51.60. 588,600 shares of the company’s stock traded hands, compared to its average volume of 282,524. The company has a market cap of $3.17 billion and a PE ratio of 23.82. Great Canadian Gaming has a 12-month low of C$32.23 and a 12-month high of C$56.32. The company has a quick ratio of 2.87, a current ratio of 3.02 and a debt-to-equity ratio of 97.97.

In other news, insider Walter Soo sold 5,000 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of C$48.00, for a total value of C$240,000.00. Following the sale, the insider now directly owns 66,990 shares of the company’s stock, valued at C$3,215,520. Also, insider Chindavon Phouikhoune-Phinith sold 10,000 shares of the stock in a transaction dated Friday, December 7th. The stock was sold at an average price of C$50.05, for a total transaction of C$500,500.00. Over the last three months, insiders sold 15,900 shares of company stock worth $784,260.

Great Canadian Gaming Company Profile

Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company's gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of March 7, 2018, it had 25 gaming, entertainment, and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State.

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