Gaming Realms (LON:GMR) Price Target Raised to GBX 75 at Peel Hunt

Key Points

• Peel Hunt has increased the price target for Gaming Realms (LON:GMR) from GBX 60 to GBX 75, indicating a potential upside of 39.57% from its previous close.
• Canaccord Genuity also raised their price objective on Gaming Realms from GBX 50 to GBX 57, maintaining a "buy" rating for the stock.
• Insider Geoffrey Robert Green sold 200,000 shares at an average price of GBX 51, totaling £102,000, while company insiders own 27.35% of the stock.

Gaming Realms (LON:GMR - Free Report) had its price target boosted by Peel Hunt from GBX 60 ($0.80) to GBX 75 ($0.99) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group increased their price objective on Gaming Realms from GBX 50 ($0.66) to GBX 57 ($0.76) and gave the stock a "buy" rating in a research note on Monday, March 31st.

Gaming Realms Trading Up 1.1%

LON GMR traded up GBX 0.60 ($0.01) during trading hours on Tuesday, hitting GBX 53.80 ($0.71). 666,035 shares of the company were exchanged, compared to its average volume of 880,610. The stock has a 50-day moving average price of GBX 50.39 and a 200 day moving average price of GBX 42.37. The company has a quick ratio of 1.23, a current ratio of 4.47 and a debt-to-equity ratio of 0.14. Gaming Realms has a 52 week low of GBX 30.20 ($0.40) and a 52 week high of GBX 57.20 ($0.76). The stock has a market cap of £158.22 million, a PE ratio of 23.57 and a beta of 1.42.

Insider Transactions at Gaming Realms

In related news, insider Geoffrey Robert Green sold 200,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 51 ($0.68), for a total value of £102,000 ($135,242.64). 27.35% of the stock is owned by company insiders.

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.