GVC Holdings PLC (LON:GVC) Receives Consensus Recommendation of “Buy” from Analysts
Shares of GVC Holdings PLC (LON:GVC) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 855.70 ($11.17).
GVC has been the subject of a number of research analyst reports. Citigroup Inc increased their target price on shares of GVC Holdings PLC from GBX 715 ($9.34) to GBX 725 ($9.47) and gave the stock a “neutral” rating in a research report on Friday, March 24th. Numis Securities Ltd restated a “buy” rating and set a GBX 850 ($11.10) price target on shares of GVC Holdings PLC in a research note on Thursday, March 23rd. Canaccord Genuity increased their price target on shares of GVC Holdings PLC from GBX 785 ($10.25) to GBX 850 ($11.10) and gave the stock a “buy” rating in a research note on Friday, May 26th. Berenberg Bank increased their price target on shares of GVC Holdings PLC from GBX 840 ($10.97) to GBX 900 ($11.75) and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Finally, Peel Hunt started coverage on shares of GVC Holdings PLC in a research note on Thursday, June 29th. They set a “buy” rating and a GBX 1,000 ($13.06) price target on the stock.
Shares of GVC Holdings PLC (GVC) traded up 0.93% during mid-day trading on Tuesday, hitting GBX 763.50. 630,363 shares of the stock traded hands. The stock has a 50-day moving average of GBX 780.92 and a 200-day moving average of GBX 710.12. GVC Holdings PLC has a 52 week low of GBX 586.00 and a 52 week high of GBX 1,180.47. The company’s market cap is GBX 2.25 billion.
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In other news, insider Kenneth Jack Alexander sold 977,564 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 739 ($9.65), for a total transaction of £7,224,197.96 ($9,433,530.90).
About GVC Holdings PLC
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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