Great Canadian Gaming (TSE:GC) Trading Up 0.3%

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Great Canadian Gaming Corp (TSE:GC) was up 0.3% during trading on Monday . The company traded as high as C$44.06 and last traded at C$43.81. Approximately 47,518 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 270,181 shares. The stock had previously closed at C$43.70.

A number of equities research analysts have recently commented on GC shares. Cormark reduced their target price on shares of Great Canadian Gaming from C$44.00 to C$41.00 in a research report on Friday, April 5th. Royal Bank of Canada reduced their target price on shares of Great Canadian Gaming from C$64.00 to C$63.00 and set an “average” rating for the company in a research report on Wednesday, May 1st. Scotiabank reiterated an “average” rating and issued a C$54.00 target price on shares of Great Canadian Gaming in a research report on Thursday, March 7th. Finally, TD Securities reduced their target price on shares of Great Canadian Gaming from C$70.00 to C$62.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th.

The company has a current ratio of 1.48, a quick ratio of 1.37 and a debt-to-equity ratio of 238.04. The firm’s fifty day moving average price is C$44.22. The stock has a market capitalization of $2.59 billion and a PE ratio of 17.76.

Great Canadian Gaming (TSE:GC) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$312.10 million during the quarter. On average, sell-side analysts expect that Great Canadian Gaming Corp will post 2.8299999 earnings per share for the current fiscal year.

In other news, Senior Officer Patrick Stephen Ennis acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of C$42.19 per share, with a total value of C$84,380.00. Following the completion of the acquisition, the insider now owns 4,500 shares of the company’s stock, valued at approximately C$189,855. Also, Senior Officer Craig Ingraham Betts sold 3,333 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$50.85, for a total transaction of C$169,483.05. Following the completion of the sale, the insider now directly owns 1,115 shares of the company’s stock, valued at approximately C$56,697.75.

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About Great Canadian Gaming (TSE:GC)

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 December 19, 2018, it had 29 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State.

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