Canaccord Genuity Group Issues Positive Forecast for Gaming Realms (LON:GMR) Stock Price

Key Points

• Canaccord Genuity Group has raised its price target for Gaming Realms stock from GBX 57 to GBX 67, indicating a potential upside of 52.40% based on the previous close.
• Peel Hunt also increased its target price on Gaming Realms from GBX 60 to GBX 75, with both analysts giving the stock a "buy" rating.
• Gaming Realms reported a quarterly earnings per share (EPS) of GBX 0.90 and has a net margin of 26.35%, highlighting strong financial performance.

Gaming Realms (LON:GMR - Get Free Report) had its price objective raised by equities researchers at Canaccord Genuity Group from GBX 57 to GBX 67 in a research report issued on Monday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 52.40% from the company's previous close.

Separately, Peel Hunt upped their target price on Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 64.

Gaming Realms Stock Performance

LON GMR opened at GBX 43.96 on Monday. The stock has a market cap of £129.63 million, a PE ratio of 1,531.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 4.47. The firm has a 50-day moving average of GBX 51.89 and a 200-day moving average of GBX 44.94. Gaming Realms has a 52-week low of GBX 30.20 and a 52-week high of GBX 57.20.

Gaming Realms (LON:GMR - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported GBX 0.90 EPS for the quarter. Gaming Realms had a net margin of 26.35% and a return on equity of 25.57%. On average, sell-side analysts anticipate that Gaming Realms will post 3.6954315 EPS for the current year.

Insider Transactions at Gaming Realms

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 51, for a total value of £102,000. 27.83% of the stock is owned by corporate insiders.

Gaming Realms Company Profile

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.

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