Gamestop Corporation (NYSE:GME) has been given a $20.00 target price by Credit Suisse Group in a research report issued on Saturday. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 14.81% from the company’s current price.
GME has been the topic of a number of other reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop in a research report on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of Gamestop in a report on Wednesday, August 23rd. Robert W. Baird reiterated an “outperform” rating and issued a $24.00 price target on shares of Gamestop in a report on Tuesday, August 29th. Zacks Investment Research downgraded Gamestop from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, ValuEngine downgraded Gamestop from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Gamestop currently has an average rating of “Hold” and a consensus price target of $23.47.
Shares of Gamestop (GME) traded up $0.05 on Friday, hitting $17.42. The company’s stock had a trading volume of 6,470,000 shares, compared to its average volume of 4,195,975. Gamestop has a one year low of $15.85 and a one year high of $26.84. The firm has a market cap of $1,764.77, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.20.
A number of institutional investors and hedge funds have recently modified their holdings of GME. Capstone Asset Management Co. grew its stake in Gamestop by 2.7% during the 2nd quarter. Capstone Asset Management Co. now owns 20,721 shares of the company’s stock worth $448,000 after buying an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Gamestop by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,626 shares of the company’s stock worth $813,000 after purchasing an additional 690 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Gamestop by 17.3% in the second quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after purchasing an additional 1,213 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Gamestop by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock worth $571,000 after purchasing an additional 700 shares in the last quarter. Finally, State Treasurer State of Michigan grew its stake in shares of Gamestop by 0.7% in the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after purchasing an additional 300 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/26/credit-suisse-group-reiterates-20-00-price-target-for-gamestop-corporation-gme.html.
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
Receive News & Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related companies with MarketBeat.com's FREE daily email newsletter.