What’s Ahead for Great Canadian Gaming Corp After Reaching 52-Week High?

 What's Ahead for Great Canadian Gaming Corp After Reaching 52 Week High?

The stock of Great Canadian Gaming Corp (TSE:GC) hit a new 52-week high and has $29.32 target or 20.00% above today’s $24.43 share price. The 9 months bullish chart indicates low risk for the $1.49 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $29.32 price target is reached, the company will be worth $298.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 170,465 shares traded hands or 158.64% 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 5 analysts covering Great Canadian Gaming Corporation (TSE:GC), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $28 is the highest target while $21 is the lowest. The $24.40 average target is -0.12% below today’s ($24.43) stock price. Great Canadian Gaming Corporation has been the topic of 14 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Thursday, August 13 the stock rating was maintained by Scotia Capital with “Outperform”.

More news for Great Canadian Gaming Corp (TSE:GC) were recently published by: Stockhouse.com, which released: “IIROC Trade Resumption – Great Canadian Gaming Corporation” on November 09, 2016. Fool.ca‘s article titled: “Should You Gamble on Amaya Inc. or Great Canadian Gaming Corporation?” and published on March 18, 2015 is yet another important article.

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 $1.49 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 22.07 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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