GVC Holdings PLC (GVC) PT Raised to GBX 1,010 at Canaccord Genuity
GVC Holdings PLC (LON:GVC) had its target price upped by Canaccord Genuity from GBX 925 ($12.17) to GBX 1,010 ($13.28) in a report issued on Friday morning. They currently have a buy rating on the stock.
A number of other research firms also recently weighed in on GVC. Peel Hunt reiterated a buy rating and set a GBX 1,000 ($13.15) price target on shares of GVC Holdings PLC in a research note on Thursday, October 12th. Macquarie began coverage on shares of GVC Holdings PLC in a research note on Wednesday, October 11th. They set a neutral rating and a GBX 865 ($11.38) price target on the stock. Deutsche Bank AG lifted their price target on shares of GVC Holdings PLC from GBX 870 ($11.44) to GBX 985 ($12.96) and gave the stock a buy rating in a research note on Tuesday, September 19th. Numis Securities Ltd reiterated a buy rating and set a GBX 985 ($12.96) price target on shares of GVC Holdings PLC in a research note on Thursday, September 14th. Finally, Berenberg Bank reissued a buy rating and set a GBX 920 ($12.10) price objective on shares of GVC Holdings PLC in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 898.90 ($11.82).
Shares of GVC Holdings PLC (LON GVC) opened at GBX 894.75 ($11.77) on Friday. GVC Holdings PLC has a 52 week low of GBX 586 ($7.71) and a 52 week high of GBX 962 ($12.65).
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The firm also recently declared a dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, September 21st were issued a €0.17 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a dividend yield of 1.73%.
In related news, insider Norbert Teufelberger sold 400,000 shares of GVC Holdings PLC stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of GBX 952 ($12.52), for a total value of £3,808,000 ($5,008,549.26). Insiders sold 842,857 shares of company stock valued at $752,944,913 over the last ninety days.
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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