888 (LON:888) Shares Pass Above 200 Day Moving Average of $303.88
888 Holdings plc (LON:888) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 303.88 ($3.97) and traded as high as GBX 415 ($5.42). 888 shares last traded at GBX 408 ($5.33), with a volume of 748,297 shares traded.
A number of research firms have commented on 888. JPMorgan Chase & Co. lowered 888 to a “neutral” rating in a research note on Tuesday, March 30th. Peel Hunt reissued a “buy” rating and issued a GBX 400 ($5.23) target price on shares of 888 in a research note on Thursday, March 18th. Peel Hunt restated a “buy” rating and issued a GBX 400 ($5.23) target price on shares of 888 in a research note on Thursday, March 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 380 ($4.96) price objective on shares of 888 in a research report on Thursday, February 25th. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 360 ($4.70) price objective on shares of 888 in a research note on Thursday, March 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 323.33 ($4.22).
The business’s 50-day simple moving average is GBX 366.36 and its two-hundred day simple moving average is GBX 304.66. The company has a debt-to-equity ratio of 22.41, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of £1.53 billion and a price-to-earnings ratio of 184.36.
888 Company Profile (LON:888)
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, sport, bingo, and social games.
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