March 6, 2019 / 6:05 PM / 7 months ago

BUZZ-Great Canadian Gaming falls after disappointing Q4 results

** Shares of gaming facility operator down 7 pct at C$51.79 after co reported lower-than-expected Q4 results

** GC expects extreme weather condition in Ontario to result in a C$17 mln-C$18 mln reduction in Q1 2019 EBITDA

** Q4 adj EBITDA was below estimates, hurt by lower-than-expected EBITDA margin from the Ontario segment

** Brokerage RBC cuts price target to C$64 from C$67

** 3 of 5 brokerages rate the stock “buy” or higher, 1 “hold” and 1 “sell”; their median PT is C$60

** Despite Wednesday’s losses, shares of the co have risen ~8 pct so far this year (Reporting by Shradha Singh in Bengaluru)

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