Stars Group (TSGI) Given New C$33.50 Price Target at Canaccord Genuity

Stars Group (TSE:TSGI) had its price target reduced by equities researchers at Canaccord Genuity from C$35.00 to C$33.50 in a report released on Friday. Canaccord Genuity’s target price would suggest a potential upside of 34.70% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Eight Capital decreased their price target on shares of Stars Group from C$50.00 to C$44.00 in a research report on Thursday, November 8th. Cormark decreased their price target on shares of Stars Group from C$60.00 to C$48.00 in a research report on Tuesday, October 30th. Finally, BMO Capital Markets reduced their price objective on shares of Stars Group from C$55.00 to C$45.00 in a report on Monday, October 29th.

TSGI stock traded down C$0.01 during midday trading on Friday, hitting C$24.87. The company’s stock had a trading volume of 296,815 shares, compared to its average volume of 486,588. The company has a debt-to-equity ratio of 132.81, a current ratio of 1.06 and a quick ratio of 0.90. Stars Group has a 52-week low of C$20.44 and a 52-week high of C$51.75.

In other news, insider Brian Scott Kyle acquired 20,000 shares of Stars Group stock in a transaction dated Thursday, November 29th. The shares were acquired at an average cost of C$26.00 per share, for a total transaction of C$520,000.00. Insiders bought a total of 26,452 shares of company stock worth $549,987 over the last 90 days.

Stars Group Company Profile

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

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