Stars Group (TSE:TSGI) Lifted to Buy at Desjardins

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Desjardins upgraded shares of Stars Group (TSE:TSGI) from a hold rating to a buy rating in a report issued on Tuesday morning, BayStreet.CA reports. Desjardins currently has C$31.00 price objective on the stock, down from their prior price objective of C$35.00.

Several other research analysts have also commented on TSGI. BMO Capital Markets lowered their price target on Stars Group from C$42.00 to C$36.00 and set an average rating for the company in a research report on Thursday, May 16th. Deutsche Bank restated a hold rating and set a C$24.00 price target on shares of Stars Group in a research report on Tuesday, July 2nd. Finally, Eight Capital lowered their price target on Stars Group from C$42.00 to C$34.00 in a research report on Tuesday.

TSGI opened at C$17.91 on Tuesday. Stars Group has a 52 week low of C$16.69 and a 52 week high of C$38.42. The business has a fifty day simple moving average of C$21.04 and a 200-day simple moving average of C$22.71. The firm has a market cap of $5.07 billion and a P/E ratio of 577.74. The company has a quick ratio of 0.48, a current ratio of 0.96 and a debt-to-equity ratio of 117.90.

Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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