Gaming Realms PLC 42.9% potential upside indicated by Canaccord Genuity

Gaming Realms PLC with ticker (LON:GMR) now has a potential upside of 42.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 50 GBX for the company, which when compared to the Gaming Realms PLC share price of 35 GBX at opening today (22/02/2024) indicates a potential upside of 42.9%. Trading has ranged between 24 (52 week low) and 40 (52 week high) with an average of 570,938 shares exchanging hands daily. The market capitalisation at the time of writing is £104,026,520.

Gaming Realms plc is a United Kingdom-based gaming company. The Company is a developer, publisher and licensor of mobile games, building a portfolio of gaming content and brands. Its principal activities consist of content development and licensing to real money and social gaming customers in Europe and North America. The Company operates through two segments: Licensing and Social Publishing. Its Licensing segment includes brand and content licensing to partners in Europe and the United States. Its Social Publishing segment is engaged in providing freemium games to the United States. The Company is the creator of Slingo, bingo, slots and other casual games. It operates a Remote Gaming Server (RGS), which hosts and distributes its game portfolio. The Company has a portfolio of approximately 57 games hosted on its RGS platform. Its subsidiaries include Blastworks Limited, Alchemybet Limited, Blastworks Inc., Backstage Technologies, Inc., and others.