888’s (888) Buy Rating Reaffirmed at Berenberg Bank

888 (LON:888)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 130 ($1.62) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 62.91% from the stock’s current price.

888 Price Performance

888 stock opened at GBX 79.80 ($0.99) on Wednesday. The company has a market capitalization of £358.39 million, a P/E ratio of -613.85, a PEG ratio of 0.48 and a beta of 0.95. The company has a fifty day moving average price of GBX 86.70 and a 200-day moving average price of GBX 85.44. The company has a debt-to-equity ratio of 2,188.61, a quick ratio of 1.82 and a current ratio of 0.69. 888 has a 52-week low of GBX 67.25 ($0.84) and a 52-week high of GBX 133.90 ($1.67).

About 888

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.