888 (LON:888) Stock Rating Reaffirmed by Berenberg Bank

888 (LON:888)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 130 ($1.62) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 65.29% from the stock’s current price.

888 Price Performance

Shares of 888 opened at GBX 78.65 ($0.98) on Wednesday. The company has a market cap of £353.23 million, a price-to-earnings ratio of -605.00, a PEG ratio of 0.48 and a beta of 0.95. 888 has a 1-year low of GBX 67.25 ($0.84) and a 1-year high of GBX 133.90 ($1.67). The company’s fifty day simple moving average is GBX 86.91 and its 200 day simple moving average is GBX 85.48. The company has a current ratio of 0.69, a quick ratio of 1.82 and a debt-to-equity ratio of 2,188.61.

888 Company Profile

888 Holdings plc, together with its subsidiaries, provides online betting and gaming products and solutions in the United Kingdom, Italy, Spain, and internationally. It operates through three segments Retail, UK Online, and International. The company engages in the operation of gaming machines; and sports betting, casino, poker, and other gaming products, as well as offers telephone betting services.