888 Holdings Public’s (LON:888) Buy Rating Reaffirmed at Canaccord Genuity

888 Holdings Public (LON:888)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Tuesday, May 28th, LSE.Co.UK reports. They presently have a GBX 285 ($3.72) price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 82.34% from the company’s previous close.

888 has been the subject of several other reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of 888 Holdings Public in a research report on Wednesday, May 15th. Peel Hunt restated a “buy” rating on shares of 888 Holdings Public in a research report on Monday, March 4th. Finally, Numis Securities decreased their target price on shares of 888 Holdings Public from GBX 245 ($3.20) to GBX 175 ($2.29) and set a “hold” rating on the stock in a research note on Thursday, May 16th.

Shares of LON 888 traded down GBX 0.50 ($0.01) during midday trading on Tuesday, reaching GBX 156.30 ($2.04). The company’s stock had a trading volume of 900,184 shares, compared to its average volume of 769,800. 888 Holdings Public has a fifty-two week low of GBX 126.70 ($1.66) and a fifty-two week high of GBX 297.20 ($3.88). The company has a market cap of $574.43 million and a price-to-earnings ratio of 6.06.

In other news, insider Itai Frieberger sold 2,000,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 152 ($1.99), for a total transaction of £3,040,000 ($3,972,298.45).

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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