Canaccord Genuity Reaffirms “Hold” Rating for Game Digital (GMD)

Game Digital (LON:GMD)‘s stock had its “hold” rating restated by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a GBX 40 ($0.55) target price on the stock. Canaccord Genuity’s target price points to a potential downside of 2.44% from the stock’s previous close.

Separately, Liberum Capital raised Game Digital to a “buy” rating and increased their target price for the stock from GBX 23 ($0.32) to GBX 45 ($0.62) in a research note on Wednesday, November 15th.

Game Digital (GMD) traded up GBX 3 ($0.04) on Monday, reaching GBX 41 ($0.57). The company had a trading volume of 696,394 shares, compared to its average volume of 468,357. Game Digital has a 1 year low of GBX 18.75 ($0.26) and a 1 year high of GBX 63.76 ($0.88). The firm has a market cap of $64.93 and a price-to-earnings ratio of -585.71.

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About Game Digital

GAME Digital plc is a retailer of video games. The Company operates approximately 580 stores across the United Kingdom and Spain. The Company’s segments include UK, Spain, and Events, Esports & Digital. Its UK and Spain segments are engaged in the sale of hardware, software, accessories and digital. Its Events, Esports & Digital businesses include SocialNAT and Ads Reality Limited (Ads Reality).

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