Gaming Realms (LON:GMR) Given Buy Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reissued a Buy rating on Gaming Realms with a GBX 56 price target, implying roughly an 81.82% upside from the stock's previous close.
• Shares traded up 1.3% to GBX 30.80 on Monday with volume of ~1.45M; the stock's 12‑month range is GBX 29.50–57.20, it has a market cap of £87.0M, a P/E of 11.62 and a debt-to-equity ratio of 2.26.
• Gaming Realms develops and licenses mobile games across the UK, U.S. and Canada, leveraging unique IP and brands to combine media, entertainment and gaming in new formats.

Gaming Realms (LON:GMR - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a report released on Monday,London Stock Exchange reports. They currently have a GBX 56 price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 81.82% from the stock's previous close.

Gaming Realms Stock Up 1.3%

Shares of GMR traded up GBX 0.40 during mid-day trading on Monday, reaching GBX 30.80. 1,452,420 shares of the stock traded hands, compared to its average volume of 1,221,855. The stock has a fifty day simple moving average of GBX 34.01 and a 200 day simple moving average of GBX 39.40. Gaming Realms has a 12-month low of GBX 29.50 and a 12-month high of GBX 57.20. The company has a quick ratio of 1.23, a current ratio of 5.77 and a debt-to-equity ratio of 2.26. The firm has a market cap of £87.00 million, a price-to-earnings ratio of 11.62 and a beta of 0.58.

About Gaming Realms

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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