Canaccord Genuity Cuts 888 Holdings Public (888) Price Target to GBX 318

888 Holdings Public (LON:888) had its target price lowered by investment analysts at Canaccord Genuity from GBX 330 ($4.26) to GBX 318 ($4.10) in a research note issued to investors on Thursday, August 9th. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 36.48% from the stock’s previous close.

A number of other equities analysts have also weighed in on 888. Peel Hunt reaffirmed a “buy” rating and issued a GBX 320 ($4.13) target price on shares of 888 Holdings Public in a research note on Monday, April 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of 888 Holdings Public in a research note on Tuesday, May 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 310.20 ($4.00).

LON 888 traded down GBX 1 ($0.01) on Thursday, reaching GBX 233 ($3.01). The company had a trading volume of 572,818 shares, compared to its average volume of 769,800. 888 Holdings Public has a 1-year low of GBX 232.25 ($3.00) and a 1-year high of GBX 309.20 ($3.99).

About 888 Holdings Public

888 Holdings plc, together with its subsidiaries, provides online gaming entertainment products and solutions. It operates through Business to Customer and Business to Business segments. The company owns proprietary software solutions that provide a range of virtual online gaming services over the Internet, including casino and games, poker, bingo, sport, and Mytopia social games to the end users and business partners.

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