888 (LON:888) had its price objective increased by Berenberg Bank from GBX 470 ($6.14) to GBX 600 ($7.84) in a report released on Friday, Analyst Ratings Network reports. They currently have a buy rating on the stock.
A number of other analysts have also commented on the company. Canaccord Genuity reissued a buy rating and issued a GBX 475 ($6.21) target price on shares of 888 in a report on Thursday, June 24th. Peel Hunt reissued a buy rating and issued a GBX 500 ($6.53) target price on shares of 888 in a report on Thursday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on 888 from GBX 490 ($6.40) to GBX 495 ($6.47) and gave the stock a buy rating in a report on Thursday, September 2nd. JPMorgan Chase & Co. lifted their price objective on 888 from GBX 420 ($5.49) to GBX 450 ($5.88) and gave the stock a neutral rating in a report on Thursday, September 2nd. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 500 ($6.53) price objective on shares of 888 in a report on Thursday, June 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of GBX 470 ($6.14).
LON:888 traded up GBX 17.80 ($0.23) during trading hours on Friday, reaching GBX 412.80 ($5.39). 2,055,656 shares of the company traded hands, compared to its average volume of 1,017,466. The business’s 50-day moving average price is GBX 390.31 and its two-hundred day moving average price is GBX 387.30. The stock has a market capitalization of £1.54 billion and a P/E ratio of 129.00. 888 has a 1 year low of GBX 177.40 ($2.32) and a 1 year high of GBX 456 ($5.96). The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 20.37.
In other 888 news, insider Jonathan (Jon) Mendelsohn acquired 24,000 shares of the stock in a transaction dated Thursday, September 9th. The shares were acquired at an average cost of GBX 391 ($5.11) per share, for a total transaction of £93,840 ($122,602.56).
888 Holdings plc, together with its subsidiaries, provides online betting and gaming 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, sport, and bingo games.
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