Analysts Set GVC Holdings PLC (GVC) Price Target at $1,222.13
Shares of GVC Holdings PLC (LON:GVC) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,240.88 ($16.21).
Several research firms recently issued reports on GVC. Peel Hunt restated a “buy” rating on shares of GVC in a report on Monday, June 25th. Shore Capital restated a “buy” rating on shares of GVC in a report on Thursday, September 13th. Canaccord Genuity boosted their target price on shares of GVC from GBX 1,170 ($15.29) to GBX 1,250 ($16.33) and gave the company a “buy” rating in a report on Friday, July 13th. Numis Securities restated a “buy” rating on shares of GVC in a report on Thursday, September 13th. Finally, Barclays restated an “overweight” rating on shares of GVC in a report on Friday, August 31st.
In related news, insider Lee Feldman sold 732,382 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of GBX 954 ($12.47), for a total value of £6,986,924.28 ($9,129,654.10).
The firm also recently announced a dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, September 20th will be issued a GBX 16 ($0.21) dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 20th. This is a positive change from GVC’s previous dividend of $0.18.
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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