Enthusiast Gaming (CVE:EGLX) Price Target Cut to C$1.50 by Analysts at Canaccord Genuity Group

Enthusiast Gaming (CVE:EGLX) had its target price reduced by Canaccord Genuity Group from C$3.00 to C$1.50 in a research report released on Tuesday morning, BayStreet.CA reports. They currently have a speculative buy rating on the stock.

A number of other brokerages also recently weighed in on EGLX. Royal Bank of Canada cut their price target on shares of Enthusiast Gaming from C$3.00 to C$2.00 in a report on Wednesday, October 25th. Scotiabank cut their price target on shares of Enthusiast Gaming from C$3.25 to C$3.00 in a report on Tuesday, August 15th.

Enthusiast Gaming Price Performance

EGLX opened at C$1.99 on Tuesday. The company has a debt-to-equity ratio of 6.49, a current ratio of 1.24 and a quick ratio of 1.11. The company has a market capitalization of C$101.11 million and a price-to-earnings ratio of -15.43. The firm’s fifty day moving average price is C$1.99 and its two-hundred day moving average price is C$1.99. Enthusiast Gaming has a 1 year low of C$0.92 and a 1 year high of C$2.85.

About Enthusiast Gaming

Enthusiast Gaming Holdings Inc, a digital media company, develops and operates an online community of video gamers worldwide. As of February 6, 2019, the company had a platform of approximately 80 owned and affiliated Websites. It also owns and operates Enthusiast Gaming Live Expo, a gaming expo. The company was founded in 2014 and is based in Toronto, Canada.