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Barclays Sticks to Its Sell Rating for Evolution Gaming Group AB (EVO)

Tipranks - Tipranks - Thu Apr 9, 8:36PM CDT

In a report released on April 7, Pravin Gondhale from Barclays maintained a Sell rating on Evolution Gaming Group AB, with a price target of SEK575.00. The company’s shares closed yesterday at SEK619.60.

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Gondhale covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, Lottomatica Group S.P.A., and Compass. According to TipRanks, Gondhale has an average return of -1.7% and a 45.00% success rate on recommended stocks.

In addition to Barclays, Evolution Gaming Group AB also received a Sell from Goldman Sachs’s Ben Andrews in a report issued on March 25. However, on April 6, Pareto upgraded Evolution Gaming Group AB (Nasdaq OMX AB: EVO) to a Buy.

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Based on Evolution Gaming Group AB’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of SEK565.87 million and a net profit of SEK306.78 million. In comparison, last year the company earned a revenue of SEK625.25 million and had a net profit of SEK377.1 million

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