GVC (LON:GVC)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued on Wednesday, October 3rd.
GVC has been the subject of several other reports. Barclays lowered their price target on GVC from GBX 1,210 ($15.81) to GBX 1,187 ($15.51) and set an “overweight” rating for the company in a report on Monday, September 17th. Berenberg Bank restated a “buy” rating and set a GBX 1,370 ($17.90) target price on shares of GVC in a research note on Tuesday, August 21st. Shore Capital restated a “buy” rating on shares of GVC in a research note on Wednesday, July 18th. Numis Securities raised their target price on GVC from GBX 1,141 ($14.91) to GBX 1,376 ($17.98) and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Morgan Stanley assumed coverage on GVC in a research note on Wednesday, August 29th. They issued an “overweight” rating and a GBX 1,330 ($17.38) price target for the company. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,212.36 ($15.84).
Shares of LON GVC opened at GBX 932 ($12.18) on Wednesday. GVC has a 12-month low of GBX 705.50 ($9.22) and a 12-month high of GBX 996 ($13.01).
In other news, insider Lee Feldman sold 732,382 shares of GVC stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of GBX 954 ($12.47), for a total transaction of £6,986,924.28 ($9,129,654.10).
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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