Price Target Update on Penn National Gaming (NASDAQ:PENN)

Penn National Gaming (NASDAQ:PENN) : The highest short term price target forecast on Penn National Gaming (NASDAQ:PENN) is $25 and the lowest target price is $16. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $21.14 with a standard deviation of $3.02.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Morgan Stanley upgrades its rating on Penn National Gaming (NASDAQ:PENN).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. In a recent information released to the investors, Morgan Stanley raises the new price target from $15 per share to $16 per share. The rating by the firm was issued on June 1, 2016.

Penn National Gaming (NASDAQ:PENN): On Thursdays trading session , Opening price of the stock was $14.61 with an intraday high of $14.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.21. However, the stock managed to close at $14.24, a loss of 1.25% for the day. On the previous day, the stock had closed at $14.42. The total traded volume of the day was 2,408,236 shares.

The company shares have dropped -20.81% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $20.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.18 and the 200 Day Moving Average price is recorded at $15.15. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Penn National Gaming Inc, Naples Ronald J had purchased shares worth of $14,680 in a transaction dated on May 24, 2016. A total of 1,000 shares were purchased at a price of $14.68 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

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