Canaccord Genuity Increases GVC Holdings PLC (GVC) Price Target to GBX 755
GVC Holdings PLC (LON:GVC) had its price target upped by research analysts at Canaccord Genuity from GBX 720 ($9.40) to GBX 755 ($9.86) in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential downside of 1.82% from the stock’s previous close.
A number of other research analysts have also commented on the company. Berenberg Bank initiated coverage on GVC Holdings PLC in a report on Friday, July 22nd. They set a “buy” rating and a GBX 730 ($9.53) price target for the company. Goodbody reiterated a “buy” rating on shares of GVC Holdings PLC in a report on Monday, August 1st. Liberum Capital initiated coverage on GVC Holdings PLC in a research note on Wednesday, August 3rd. They issued a “buy” rating and a GBX 738 ($9.63) target price for the company. Finally, Libertas Partners restated a “buy” rating and issued a GBX 738 ($9.63) target price on shares of GVC Holdings PLC in a research note on Wednesday, August 3rd. Eleven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of GBX 639.90 ($8.35).
Shares of GVC Holdings PLC (LON:GVC) traded up 6.58% during midday trading on Tuesday, hitting GBX 769.00. 4,580,298 shares of the company were exchanged. The firm’s market cap is GBX 471.21 million. GVC Holdings PLC has a one year low of GBX 368.00 and a one year high of GBX 1,180.47. The company’s 50 day moving average price is GBX 701.78 and its 200 day moving average price is GBX 593.43.
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GVC Holdings PLC Company Profile
GVC Holdings PLC is an Isle of Man-based sports betting and gaming company. The Company provides both business to business (B2B) and business to consumer (B2C) services to the online gaming and sports betting markets. The Company operates through two segments: sports and gaming. The sports segment includes bets placed on sporting events in the year.
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