Bank of America Corp. reaffirmed their buy rating on shares of GameStop Corp. (NYSE:GME) in a report released on Friday, Stock Ratings Network.com reports.
“We attended GameStop’s 2013 Expo held in Las Vegas, Nevada. ~5,000 GME store managers and over 4,000 gamers were present. The event showcased the latest gaming hardware, software, accessories and most importantly, playable Xbox One and PS4 consoles. Overall, we thought enthusiasm for the next gen consoles was very high and our view that the console cycle will be successful was reinforced. Overall, we were impressed with the content presented at the Expo. We noted strong enthusiasm for leading established franchises such as Call of Duty, Battlefield, Forza, DriveClub and Assassins Creed, among others. More importantly, new franchise titles including Titanfall, Ryse, Destiny and Watchdogs were all very well received.,” Bank of America Corp.’s analyst wrote.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of GameStop Corp. (NYSE:GME) in a research note to investors on Tuesday, August 27th. They now have a $55.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of GameStop Corp. (NYSE:GME) from $50.00 to $65.00 in a research note to investors on Friday, August 23rd. They now have a buy rating on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of GameStop Corp. (NYSE:GME) from $60.00 to $65.00 in a research note to investors on Friday, August 23rd. They now have a buy rating on the stock.
Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. GameStop Corp. currently has an average rating of Buy and a consensus target price of $50.08.
Shares of GameStop Corp. (NYSE:GME) opened at 50.21 on Friday. GameStop Corp. has a 1-year low of $19.83 and a 1-year high of $56.08. The stock’s 50-day moving average is $47.58 and its 200-day moving average is $36.67. The company’s market cap is $5.920 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 19th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, August 29th.
GameStop Corp. (NYSE:GME) is a holding company.
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