Desjardins Sticks to Their Hold Rating for The Stars Group Inc (TSGI)

By Ryan Adsit

In a new note to investors yesterday, an analyst has provided a rating update for the NA sector company, The Stars Group Inc (TSX: TSGI). Analyst Maher Yaghi from Desjardins rated The Stars Group Inc (TSX: TSGI) a Hold, setting a C$46 price target.

Yaghi has an average return of 14.2% when recommending The Stars Group Inc.

According to TipRanks.com, Yaghi is ranked #1051 out of 4857 analysts.

Currently, the analyst consensus on The Stars Group Inc is a Moderate Buy with an average price target of C$51.

Based on The Stars Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$198 million. In comparison, last year the company had a net profit of C$94.79 million.

The Stars Group, Inc. provides technology-based products and services in the global gaming and interactive entertainment industries. It owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, and the PokerStars Championship and PokerStars Festival live poker tour brands.

The company’s shares closed on Wednesday at C$35.47.