Shares of 888 Holdings plc (LON: 888) received an average “Buy” recommendation from the eight analysts currently covering the company, Marketbeat Ratings reports. Two research analysts rated the stock with a keep recommendation and six gave the company a buy recommendation. The 12-month average target price among brokerage firms that reported on the stock in the past year is GBX 559.38 ($ 7.39).
A number of research companies recently commented on the 888. Peel Hunt reissued a “buy” note and issued a GBX 750 price target ($ 9.91) on the 888 stock in a research note on Tuesday, October 19. Canaccord Genuity reissued a “buy” note and issued a GBX 690 ($ 9.12) target price on the 888 shares in a research note on Tuesday, October 19. The Berenberg Bank reissued a “buy” note and issued a target price GBX 600 ($ 7.93) on the shares of 888 in a research note on Wednesday, December 1. JPMorgan Chase & Co. raised its target price on 888 from GBX 420 ($ 5.55) to GBX 450 ($ 5.95) and gave the stock a “neutral” rating in a research note on Thursday 2 September. Finally, Deutsche Bank Aktiengesellschaft raised its price target on 888 from GBX 490 ($ 6.48) to GBX 495 ($ 6.54) and gave the company a “buy” rating in a research report on Thursday. September 2.
Shares of LON 888 traded lower by $ 3.20 ($ 0.04) during Friday’s session, reaching 292 GBX ($ 3.86). The company had a trading volume of 1,651,813 shares, compared to its average volume of 1,049,514. 888 has a 12-month low of GBX 259 ($ 3.42) and a 12-month high of GBX 494 ($ 6.53). The stock has a market capitalization of £ 1.09 billion and a PE ratio of 88.48. The company’s 50-day moving average is GBX 357.43 and its 200-day moving average is GBX 383.11. The company has a rapid ratio of 0.94, a current ratio of 0.94, and a debt ratio of 20.37.
Separately, insider Mark Summerfield acquired 265 shares of the company in a transaction dated Friday, October 15. The shares were purchased at an average price of 397 GBX ($ 5.25) per share, for a total value of £ 1,052.05 ($ 1,390.31). Additionally, insider Jonathan (Jon) Mendelsohn acquired 409 shares of the company in a transaction dated Monday, October 18. The share was bought at an average price of 403 GBX ($ 5.33) per share, for a total trade of £ 1,648.27 ($ 2,178.23).
Company Profile 888
888 Holdings plc, together with its subsidiaries, provides online betting and gaming products and solutions. It operates through the Business to Customer and Business to Business segments. The company has proprietary software solutions that provide a range of online virtual gaming services on the Internet, including casino and gaming games, poker, sports and bingo games.
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