The stock of Great Canadian Gaming Corp (TSE:GC) reached all time high today, Nov, 9 and still has $36.79 target or 49.00% above today’s $24.69 share price. This indicates more upside for the $1.50B company. This technical setup was reported by Barchart.com. If the $36.79 PT is reached, the company will be worth $735.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 223,295 shares traded hands or 238.80% up from the average. Great Canadian Gaming Corp (TSE:GC) has risen 21.18% since April 5, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.
Great Canadian Gaming Corp (TSE:GC) Ratings Coverage
Out of 6 analysts covering Great Canadian Gaming Corporation (TSE:GC), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $30 is the highest target while $21 is the lowest. The $25.80 average target is 4.50% above today’s ($24.69) stock price. Great Canadian Gaming Corporation has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Great Canadian Gaming Corp (TSE:GC) has “Outperform” rating given on Thursday, August 13 by Scotia Capital. The firm has “Buy” rating given on Wednesday, November 9 by Cormark Securities.
Another recent and important Great Canadian Gaming Corp (TSE:GC) news was published by Stockhouse.com which published an article titled: “IIROC Trade Resumption – Great Canadian Gaming Corporation” on November 09, 2016.
Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia and Washington State. The company has a market cap of $1.50 billion. The Firm 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. It has a 22.31 P/E ratio. In British Columbia, it operates over four casinos; one thoroughbred racetrack; a standardbred racetrack; three community gaming centers; a resort with over two hotels, a conference center and a marina; over two multi-purpose show theatres, and a range of restaurants.
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