GVC Holdings PLC (GVC) Given Average Recommendation of “Buy” by Brokerages
GVC Holdings PLC (LON:GVC) has earned a consensus recommendation of “Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 871 ($11.25).
GVC has been the subject of a number of recent research reports. Canaccord Genuity increased their price objective on shares of GVC Holdings PLC from GBX 785 ($10.14) to GBX 850 ($10.98) and gave the company a “buy” rating in a report on Friday, May 26th. Peel Hunt initiated coverage on shares of GVC Holdings PLC in a report on Thursday, June 29th. They issued a “buy” rating and a GBX 1,000 ($12.91) price objective for the company. Berenberg Bank increased their price objective on shares of GVC Holdings PLC from GBX 900 ($11.62) to GBX 920 ($11.88) and gave the company a “buy” rating in a report on Tuesday, July 4th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 975 ($12.59) price objective on shares of GVC Holdings PLC in a report on Thursday, July 6th. Finally, Investec reissued a “buy” rating and issued a GBX 820 ($10.59) price target on shares of GVC Holdings PLC in a research note on Thursday, July 6th.
Shares of GVC Holdings PLC (LON GVC) traded up 1.47% on Wednesday, hitting GBX 793.00. The company’s stock had a trading volume of 458,117 shares. GVC Holdings PLC has a one year low of GBX 586.00 and a one year high of GBX 826.50. The stock has a 50-day moving average price of GBX 766.99 and a 200 day moving average price of GBX 752.61. The firm’s market cap is GBX 2.33 billion.
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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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