Gaming Realms’ (GMR) Buy Rating Reaffirmed at Canaccord Genuity Group

Gaming Realms (LON:GMR)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, MarketBeat reports. They currently have a GBX 57 ($0.76) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 5.95% from the stock’s current price.

Separately, Peel Hunt upped their price target on Gaming Realms from GBX 60 ($0.80) to GBX 75 ($0.99) and gave the company a “buy” rating in a research report on Tuesday.

Gaming Realms Stock Up 1.1%

GMR stock opened at GBX 53.80 ($0.71) on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23. The firm has a market cap of £158.22 million, a PE ratio of 23.57 and a beta of 1.42. Gaming Realms has a 12 month low of GBX 30.20 ($0.40) and a 12 month high of GBX 57.20 ($0.76). The firm has a 50 day simple moving average of GBX 50.39 and a 200 day simple moving average of GBX 42.37.

Insiders Place Their Bets

In related news, insider Geoffrey Robert Green sold 200,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 51 ($0.68), for a total transaction of £102,000 ($135,242.64). 27.35% of the stock is currently owned by insiders.

Gaming Realms Company Profile

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.