GVC Holdings PLC’s (GVC) “Buy” Rating Reiterated at Peel Hunt
GVC Holdings PLC (LON:GVC)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Thursday. They currently have a GBX 1,000 ($12.95) price target on the stock. Peel Hunt’s price objective points to a potential upside of 28.87% from the stock’s current price.
GVC has been the subject of several other reports. Berenberg Bank lifted their target price on shares of GVC Holdings PLC from GBX 840 ($10.88) to GBX 900 ($11.66) and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 850 ($11.01) target price on shares of GVC Holdings PLC in a research note on Thursday, March 23rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 830 ($10.75) target price on shares of GVC Holdings PLC in a research note on Thursday, March 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 785 ($10.17) target price on shares of GVC Holdings PLC in a research note on Tuesday, April 4th. Finally, Citigroup Inc. lifted their target price on shares of GVC Holdings PLC from GBX 715 ($9.26) to GBX 725 ($9.39) and gave the stock a “neutral” rating in a research note on Friday, March 24th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 855.70 ($11.08).
GVC Holdings PLC (GVC) traded up 1.04% on Thursday, reaching GBX 776.00. The company had a trading volume of 492,762 shares. The stock has a 50 day moving average price of GBX 780.92 and a 200 day moving average price of GBX 710.12. The stock’s market capitalization is GBX 2.28 billion. GVC Holdings PLC has a 52-week low of GBX 559.50 and a 52-week high of GBX 1,180.47.
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In other GVC Holdings PLC news, insider Kenneth Jack Alexander sold 977,564 shares of GVC Holdings PLC stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 739 ($9.57), for a total value of £7,224,197.96 ($9,357,769.38).
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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