Scotiabank Lowers Great Canadian Gaming Corp (GC) to Sector Perform

Scotiabank cut shares of Great Canadian Gaming Corp (TSE:GC) from an outperform rating to a sector perform rating in a research note issued to investors on Friday. They currently have C$26.00 price target on the stock, down from their previous price target of C$29.00.

A number of other research analysts have also weighed in on GC. Royal Bank Of Canada raised their target price on Great Canadian Gaming Corp from C$21.00 to C$22.00 and gave the company a sector perform rating in a report on Tuesday, October 25th. TD Securities cut Great Canadian Gaming Corp from an action list buy rating to a buy rating and raised their price objective for the company from C$30.00 to C$31.00 in a research note on Tuesday, January 17th. Raymond James Financial, Inc. raised shares of Great Canadian Gaming Corp from a market perform rating to an outperform rating in a report on Thursday, November 10th. Cormark upgraded shares of Great Canadian Gaming Corp from a market perform rating to a buy rating in a research note on Wednesday, November 9th. Finally, Canaccord Genuity reiterated a buy rating and issued a C$31.00 target price on shares of Great Canadian Gaming Corp in a report on Tuesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$25.94.

Analyst Recommendations for Great Canadian Gaming Corp (TSE:GC)

Shares of Great Canadian Gaming Corp (TSE:GC) opened at 23.70 on Friday. The company has a market cap of $1.44 billion and a PE ratio of 19.46. Great Canadian Gaming Corp has a 12 month low of $16.44 and a 12 month high of $26.20. The stock has a 50 day moving average of $25.03 and a 200-day moving average of $23.10.

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In related news, insider Chindavon Phouikhoune-Phinith sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of C$25.50, for a total transaction of C$63,750.00. Also, insider Christopher Merrill Roberts sold 11,666 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of C$25.24, for a total transaction of C$294,449.84. In the last quarter, insiders sold 18,402 shares of company stock worth $463,525.

Great Canadian Gaming Corp Company Profile

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia and Washington State. The Company has approximately 20 gaming properties, consisting of over three community gaming centers, four racetracks and 10 casinos, including over two with a Four Diamond resort hotel.

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