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

Stars Group (TSE:TSGI) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a report issued on Thursday, March 28th, Stock Target Advisor reports. The firm currently has a C$37.50 target price on the stock. Desjardins’ price target points to a potential upside of 44.29% from the stock’s current price.

A number of other brokerages have also recently issued reports on TSGI. Cormark dropped their price objective on Stars Group from C$42.00 to C$38.50 in a report on Thursday, March 28th. Eight Capital dropped their price objective on Stars Group from C$44.00 to C$40.00 in a report on Thursday, March 7th. Finally, Canaccord Genuity dropped their price objective on Stars Group from C$35.00 to C$33.50 in a report on Friday, January 11th.

Shares of TSE TSGI traded up C$0.37 during trading on Thursday, reaching C$25.99. 410,600 shares of the stock traded hands, compared to its average volume of 462,679. Stars Group has a 52-week low of C$20.25 and a 52-week high of C$51.75. The company has a debt-to-equity ratio of 131.34, a current ratio of 1.03 and a quick ratio of 0.55. The stock has a market capitalization of $7.10 billion and a PE ratio of -52.83.

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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