888 Holdings Public (LON:888) had its price target reduced by stock analysts at Numis Securities from GBX 245 ($3.20) to GBX 175 ($2.29) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “hold” rating on the stock. Numis Securities’ price target would indicate a potential upside of 35.98% from the company’s previous close.
Several other research firms also recently weighed in on 888. Peel Hunt reissued a “buy” rating on shares of 888 Holdings Public in a research note on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of 888 Holdings Public in a research note on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 285 ($3.72) price objective on shares of 888 Holdings Public in a research note on Tuesday, March 12th.
888 Holdings Public stock opened at GBX 128.70 ($1.68) on Thursday. The firm has a market capitalization of $474.12 million and a price-to-earnings ratio of 4.99. 888 Holdings Public has a twelve month low of GBX 135.90 ($1.78) and a twelve month high of GBX 326.60 ($4.27).
In other news, insider Itai Frieberger sold 2,000,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of GBX 152 ($1.99), for a total transaction of £3,040,000 ($3,972,298.45).
About 888 Holdings Public
888 Holdings plc, together with its subsidiaries, provides online gaming entertainment 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, bingo, sport, and Mytopia social games to the end users and business partners.
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