What’s Next for Great Canadian Gaming Corp After Today’s Huge Decline?

 What's Next for Great Canadian Gaming Corp After Today's Huge Decline?

The stock of Great Canadian Gaming Corp (TSE:GC) is a huge mover today! About 18,532 shares traded hands. Great Canadian Gaming Corp (TSE:GC) has risen 43.72% since April 11, 2016 and is uptrending. It has outperformed by 39.79% the S&P500.
The move comes after 7 months negative chart setup for the $1.61B company. It was reported on Nov, 15 by Barchart.com. We have $24.64 PT which if reached, will make TSE:GC worth $80.50M less.

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 -0.54% below today’s ($25.94) stock price. Great Canadian Gaming Corporation has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was upgraded by Cormark Securities on Wednesday, November 9 to “Buy”. The firm earned “Outperform” rating on Thursday, August 13 by Scotia Capital.

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 $1.61 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 21.21 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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