The Globe and Mail reports in its Wednesday edition that Intertain Group, Amaya and Great
Canadian Gaming are anticipated to deliver solid
returns over the next year. The Globe's Jennifer Dowty writes that she identified securities with the
highest expected price returns
using the average 12-month target
prices from analysts as of June 30. In the consumer discretionary
sector, the gambling subsector
was a dominant theme
with Intertain and Amaya taking the top two positions. Great
Canadian Gaming came in fourth
place with a forecasted one-year
price return of 24 per cent, narrowly
missing appearing on Ms. Dowty's
list. Intertain is a favoured stock on
the Street. Bloomberg's one-year price target of
$23.29 is based on eight buy recommendations.
Last week, management
provided investors with
an update on its strategic review
stating that acquisition talks
continue to advance. Intertain says last
week's Brexit vote "has obviously caused significant
disruption in the markets. ... Despite
the Brexit vote, however, further
discussions are expected to
take place. Since the initial round
of offers we received in May, work
to complete due diligence in relation
to the process has continued."
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