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

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

EGLX has been the subject of several other research reports. Scotiabank cut their price objective on Enthusiast Gaming from C$3.25 to C$3.00 in a report on Tuesday, August 15th. Royal Bank of Canada cut their price objective on Enthusiast Gaming from C$3.00 to C$2.00 in a report on Wednesday, October 25th.

Enthusiast Gaming Trading Up 2.6 %

CVE:EGLX opened at C$1.99 on Tuesday. Enthusiast Gaming has a twelve month low of C$0.92 and a twelve month high of C$2.85. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 6.49. The business has a 50 day moving average price of C$1.99 and a two-hundred day moving average price of C$1.99. The company has a market cap of C$101.11 million and a P/E ratio of -15.43.

Enthusiast Gaming Company Profile

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.