GVC (LON:GVC) Stock Price Passes Below 50 Day Moving Average of $806.37

GVC Holdings PLC (LON:GVC) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $806.37 and traded as low as $792.40. GVC shares last traded at $802.60, with a volume of 3,976,482 shares traded.

Several analysts have issued reports on the stock. Peel Hunt restated a “buy” rating and issued a GBX 900 ($11.76) price target on shares of GVC in a research report on Thursday, August 15th. Barclays raised their price target on shares of GVC from GBX 913 ($11.93) to GBX 1,050 ($13.72) and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Peel Hunt reaffirmed a “buy” rating on shares of GVC in a report on Monday, October 7th. HSBC raised their price objective on shares of GVC from GBX 910 ($11.89) to GBX 1,070 ($13.98) and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada assumed coverage on shares of GVC in a report on Monday, October 28th. They set an “outperform” rating and a GBX 1,060 ($13.85) price objective for the company. Fourteen equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,040.85 ($13.60).

The business’s fifty day moving average price is GBX 809.57 and its 200 day moving average price is GBX 669.13. The company has a market capitalization of $4.68 billion and a P/E ratio of -26.16. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 79.61.

In other news, insider Peter Isola purchased 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of GBX 588 ($7.68) per share, with a total value of £98,784 ($129,078.79). Also, insider J M. Barry Gibson purchased 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of GBX 794 ($10.38) per share, with a total value of £103,220 ($134,875.21).

GVC Company Profile (LON:GVC)

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.

Read More: How does new data get added to a blockchain?

Receive News & Ratings for GVC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GVC and related companies with MarketBeat.com's FREE daily email newsletter.