GVC Holdings PLC (GVC) Given Average Rating of “Buy” by Brokerages
GVC Holdings PLC (LON:GVC) has earned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 868.78 ($11.31).
Several research firms have commented on GVC. Peel Hunt began coverage on shares of GVC Holdings PLC in a research report on Thursday, June 29th. They set a “buy” rating and a GBX 1,000 ($13.02) price target for the company. Berenberg Bank upped their price objective on shares of GVC Holdings PLC from GBX 900 ($11.72) to GBX 920 ($11.98) and gave the company a “buy” rating in a report on Tuesday, July 4th. Investec restated a “buy” rating and set a GBX 820 ($10.68) price objective on shares of GVC Holdings PLC in a report on Thursday, July 6th. Numis Securities Ltd restated a “buy” rating and set a GBX 975 ($12.70) price objective on shares of GVC Holdings PLC in a report on Thursday, July 6th. Finally, Canaccord Genuity upped their price objective on shares of GVC Holdings PLC from GBX 785 ($10.22) to GBX 850 ($11.07) and gave the company a “buy” rating in a report on Friday, May 26th.
Shares of GVC Holdings PLC (LON:GVC) traded up 0.13% during midday trading on Friday, reaching GBX 750.00. 501,929 shares of the company’s stock traded hands. The company’s market capitalization is GBX 2.21 billion. The company has a 50-day moving average of GBX 763.71 and a 200-day moving average of GBX 737.93. GVC Holdings PLC has a one year low of GBX 586.00 and a one year high of GBX 826.50.
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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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