GVC (GVC) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of GVC (LON:GVC) in a research report sent to investors on Monday, February 4th. They currently have a GBX 1,100 ($14.37) target price on the stock.

A number of other equities research analysts have also commented on the stock. Berenberg Bank reduced their price objective on shares of GVC from GBX 1,300 ($16.99) to GBX 1,100 ($14.37) and set a buy rating on the stock in a research note on Thursday, January 17th. Shore Capital reiterated a buy rating on shares of GVC in a research report on Thursday, January 17th. Peel Hunt restated a buy rating on shares of GVC in a report on Thursday, January 17th. Barclays lowered their price objective on shares of GVC from GBX 1,180 ($15.42) to GBX 1,083 ($14.15) and set an overweight rating on the stock in a report on Monday, January 14th. Finally, Goldman Sachs Group lowered their price objective on shares of GVC from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a buy rating on the stock in a report on Monday, January 14th. Thirteen investment analysts have rated the stock with a buy rating, GVC has an average rating of Buy and an average price target of GBX 1,150.75 ($15.04).

Shares of LON:GVC traded up GBX 9.50 ($0.12) during trading on Monday, reaching GBX 666 ($8.70). The stock had a trading volume of 4,078,583 shares, compared to its average volume of 2,260,000. GVC has a 52 week low of GBX 705.50 ($9.22) and a 52 week high of GBX 996 ($13.01).

In other GVC news, insider Stephen Morana bought 14,759 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of GBX 675 ($8.82) per share, for a total transaction of £99,623.25 ($130,175.42).

About 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.

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Analyst Recommendations for GVC (LON:GVC)

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