GVC Holdings PLC (GVC) Price Target Raised to GBX 925
GVC Holdings PLC (LON:GVC) had its price target increased by Canaccord Genuity from GBX 850 ($10.98) to GBX 925 ($11.95) in a research report released on Friday. They currently have a buy rating on the stock.
Several other analysts have also recently weighed in on GVC. Deutsche Bank AG restated a buy rating and set a GBX 870 ($11.24) price objective on shares of GVC Holdings PLC in a research report on Friday, September 1st. Peel Hunt reaffirmed a buy rating and set a GBX 1,000 ($12.91) target price on shares of GVC Holdings PLC in a report on Thursday, July 6th. Berenberg Bank reaffirmed a buy rating and set a GBX 920 ($11.88) target price on shares of GVC Holdings PLC in a report on Friday, September 1st. Numis Securities Ltd reaffirmed a buy rating and set a GBX 985 ($12.72) target price on shares of GVC Holdings PLC in a report on Thursday. Finally, Investec reaffirmed a buy rating and set a GBX 820 ($10.59) target price on shares of GVC Holdings PLC in a report on Thursday, July 6th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 880.44 ($11.37).
Shares of GVC Holdings PLC (GVC) opened at 839.50 on Friday. The company has a 50 day moving average of GBX 774.04 and a 200 day moving average of GBX 757.30. The company’s market cap is GBX 2.47 billion. GVC Holdings PLC has a 52 week low of GBX 586.00 and a 52 week high of GBX 858.50.
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The company also recently declared a dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 21st will be issued a €0.17 ($0.20) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 21st.
In other GVC Holdings PLC news, insider Norbert Teufelberger sold 142,857 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of GBX 831 ($10.73), for a total value of £1,187,141.67 ($1,533,180.51).
GVC Holdings PLC Company Profile
GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.
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