Numis Securities reiterated their buy rating on shares of GVC (LON:GVC) in a report issued on Wednesday, May 1st, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently weighed in on the stock. Peel Hunt reissued a buy rating on shares of GVC in a report on Friday, April 5th. Berenberg Bank reissued a buy rating and set a GBX 1,100 ($14.37) price objective on shares of GVC in a report on Thursday, March 28th. Barclays decreased their price objective on shares of GVC from GBX 1,083 ($14.15) to GBX 887 ($11.59) and set an overweight rating for the company in a report on Tuesday, March 12th. Shore Capital reaffirmed a buy rating on shares of GVC in a report on Thursday, January 17th. Finally, Goldman Sachs Group reduced their target price on shares of GVC from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a buy rating for the company in a report on Monday, January 14th. Twelve research analysts have rated the stock with a buy rating, GVC has a consensus rating of Buy and a consensus target price of GBX 1,104.80 ($14.44).
LON:GVC traded up GBX 22.20 ($0.29) during mid-day trading on Wednesday, hitting GBX 626.60 ($8.19). 6,475,929 shares of the company’s stock were exchanged, compared to its average volume of 2,260,000. GVC has a one year low of GBX 504 ($6.59) and a one year high of GBX 1,184 ($15.47). The company has a debt-to-equity ratio of 64.09, a current ratio of 0.76 and a quick ratio of 0.65. The firm has a market capitalization of $3.65 billion and a P/E ratio of -51.36.
In other GVC news, insider Lee Feldman sold 900,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of GBX 666 ($8.70), for a total transaction of £5,994,000 ($7,832,222.66). Also, insider Virginia McDowell acquired 7,000 shares of the stock in a transaction on Thursday, March 28th. The shares were acquired at an average price of GBX 543 ($7.10) per share, with a total value of £38,010 ($49,666.80).
GVC Company Profile
GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. It operates through Sports Labels, Games Labels, B2B, and Non-Core segments. The company provides online betting, casino, poker, and bingo services through mobile and web under the Bwin brand; sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand.
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