888 Holdings plc (LON:888) receives an average “moderate buy” recommendation from brokerages

888 Holdings plc (LON: 888 – Get a rating) has been assigned an average rating of “moderate buy” by the seven analysts who currently cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average target price among brokerages that have reported on the stock over the past year is 539.43 GBX ($6.52).

A number of stock analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 ($4.47) price target on 888 stock in a Friday, August 12 report. Deutsche Bank Aktiengesellschaft cut its price target on 888 shares from 350 GBX ($4.23) to 296 GBX ($3.58) and set a “buy” rating on the stock in a research note Tuesday, August 16. Finally, JPMorgan Chase & Co. cut its price target on the 888 stock from GBX 250 ($3.02) to GBX 230 ($2.78) and set a “neutral” rating on the stock in a research note of Tuesday, July 26.

888 Stock down 1.2%

Shares of 888 opened at 137.09 GBX ($1.66) on Thursday. The company has a market capitalization of £611.89 million and a PE ratio of 1,958.47. The company’s fifty-day moving average is 156.02 GBX and its two-hundred-day moving average is 189.30 GBX. 888 has a fifty-two week minimum of GBX 131.40 ($1.59) and a fifty-two week maximum of GBX 494 ($5.97). The company has a quick ratio of 1.82, a current ratio of 2.02 and a debt ratio of 6.08.

888 Company Profile

(Get a rating)

888 Holdings plc, together with its subsidiaries, provides online betting and gaming products and solutions. It operates through Business to Customer and Business to Business segments. The company has proprietary software solutions that provide a range of online virtual gaming services over the Internet, including casino, poker, sports and bingo games.

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Analyst recommendations for 888 (LON: 888)

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