BMO Capital Markets Cuts Stars Group (TSGI) Price Target to C$36.00

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Stars Group (TSE:TSGI) had its price objective lowered by stock analysts at BMO Capital Markets from C$42.00 to C$36.00 in a research note issued to investors on Thursday, reports. The firm presently has an “average” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 44.06% from the stock’s current price.

A number of other research firms also recently weighed in on TSGI. Eight Capital upped their price target on Stars Group from C$40.00 to C$42.00 in a research note on Friday, May 10th. Desjardins raised Stars Group from a “hold” rating to a “buy” rating and set a C$37.50 price target on the stock in a research note on Thursday, March 28th. Finally, Cormark dropped their price target on Stars Group from C$42.00 to C$38.50 in a research note on Thursday, March 28th.

TSGI traded up C$0.50 during midday trading on Thursday, hitting C$24.99. 1,153,333 shares of the company were exchanged, compared to its average volume of 509,787. The company has a market capitalization of $6.69 billion and a PE ratio of -50.79. Stars Group has a 1-year low of C$20.25 and a 1-year high of C$51.75. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 131.34.

Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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