GameStop Corp. (NYSE:GME) had its price objective raised by B. Riley from $59.00 to $65.00 in a research report released on Friday morning, Analyst Ratings Network.com reports. B. Riley currently has a buy rating on the stock.
GameStop Corp. (NYSE:GME) traded down 3.05% during mid-day trading on Friday, hitting $50.78. 285,626 shares of the company’s stock traded hands. GameStop Corp. has a 52 week low of $17.94 and a 52 week high of $56.08. The stock has a 50-day moving average of $46.6 and a 200-day moving average of $36.05. The company’s market cap is $5.987 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 19th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, August 29th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Monness Crespi & Hardt upgraded shares of GameStop Corp. from a sell rating to a neutral rating in a research note to investors on Thursday, August 22nd. Separately, analysts at Oppenheimer raised their price target on shares of GameStop Corp. from $50.00 to $60.00 in a research note to investors on Tuesday, August 20th. They now have an outperform rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of GameStop Corp. to $55.00 in a research note to investors on Monday, August 19th. They now have a buy rating on the stock.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. GameStop Corp. has an average rating of Buy and a consensus target price of $49.27.
GameStop Corp. (NYSE:GME) is a holding company.
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