Canaccord Genuity Group Boosts Gaming Realms (LON:GMR) Price Target to GBX 57

Gaming Realms (LON:GMR) had its price target upped by stock analysts at Canaccord Genuity Group from GBX 50 ($0.65) to GBX 57 ($0.74) in a research report issued to clients and investors on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 54.64% from the stock’s previous close.

Gaming Realms Trading Up 4.7 %

Shares of LON GMR traded up GBX 1.66 ($0.02) during midday trading on Monday, hitting GBX 36.86 ($0.48). The company’s stock had a trading volume of 887,698 shares, compared to its average volume of 695,361. Gaming Realms has a 12-month low of GBX 29.45 ($0.38) and a 12-month high of GBX 43 ($0.56). The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The firm has a market cap of £108.40 million, a P/E ratio of 16.15 and a beta of 1.42. The business’s 50 day moving average is GBX 37.19 and its two-hundred day moving average is GBX 36.78.

Gaming Realms (LON:GMR) last released its earnings results on Monday, March 31st. The company reported GBX 3 ($0.04) earnings per share for the quarter. Gaming Realms had a return on equity of 25.57% and a net margin of 26.35%. As a group, equities research analysts expect that Gaming Realms will post 3.6954315 EPS for the current year.

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.