Penn National Gaming Given New $17.00 Price Target at Deutsche Bank (PENN)
Stock analysts at Deutsche Bank decreased their target price on shares of Penn National Gaming (NASDAQ:PENN) from $19.00 to $17.00 in a report issued on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 38.66% from the company’s current price.
Penn National Gaming (NASDAQ:PENN) traded down 3.43% during mid-day trading on Friday, hitting $11.84. The stock had a trading volume of 1,252,215 shares. Penn National Gaming has a 1-year low of $10.6104 and a 1-year high of $15.50. The stock has a 50-day moving average of $13.72 and a 200-day moving average of $12.94. The company has a market cap of $912.3 million and a price-to-earnings ratio of 10.88.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Penn National Gaming from $15.00 to $13.00 in a research note to investors on Wednesday, January 15th. Separately, analysts at Ned Davis Research downgraded shares of Penn National Gaming from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, analysts at Ned Davis Research downgraded shares of Penn National Gaming from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.15.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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