Enthusiast Gaming (CVE:EGLX) PT Lowered to C$2.50 at Scotiabank

Enthusiast Gaming (CVE:EGLXFree Report) had its price objective reduced by Scotiabank from C$3.00 to C$2.50 in a report issued on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have 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. Canaccord Genuity Group dropped their target price on shares of Enthusiast Gaming from C$3.00 to C$1.50 and set a speculative buy rating on the stock in a report on Tuesday.

Read Our Latest Stock Analysis on EGLX

Enthusiast Gaming Stock Performance

CVE:EGLX opened at C$1.99 on Tuesday. The stock has a market cap of C$101.11 million and a P/E ratio of -15.43. The firm’s fifty day simple moving average is C$1.99 and its 200 day simple moving average is C$1.99. 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.

Enthusiast Gaming Company Profile

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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.

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