Century Casinos is in the limelight once again. It is a stock with a major following so every uptick gets attention. In fact, it has four analysts covering its every move. In a rare show of unity, they all rate it as a “Buy.”
Followers know what Century is all about. It operates an international entertainment company. Furthermore, it is famous for developing and operating specific gaming establishments. Among them are venues in North America, England and Poland. Plus, it operates a casino and racetrack in Canada along with a pari-mutuel off-track betting network in southern Alberta.
Its reach is far and wide. It even manages cruise ship casinos and provides gaming services in Argentina.
So why such interest in the Colorado Springs company? The stock ranges between 11 and 8, from the high target to the low target price. The average, of course, comes in at 9.5. A lot of upside is indicated given the former closing price of 6.34. The stock could grow by 49.8%.
Of note, the day 50 moving average is 6.26 while the 200 day moving average is 5.41. What’s more, the market cap for Century Casinos is $189m.
The company goes back to 1992 and has a clear path ahead of it.