GVC Holdings PLC (GVC) PT Raised to GBX 925 at Canaccord Genuity
GVC Holdings PLC (LON:GVC) had its target price upped by analysts at Canaccord Genuity from GBX 850 ($10.98) to GBX 925 ($11.95) in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 10.18% from the company’s previous close.
A number of other research analysts also recently commented on GVC. Peel Hunt initiated coverage on GVC Holdings PLC in a report on Thursday, June 29th. They set a “buy” rating and a GBX 1,000 ($12.91) target price on the stock. Berenberg Bank increased their target price on GVC Holdings PLC from GBX 900 ($11.62) to GBX 920 ($11.88) and gave the stock a “buy” rating in a report on Tuesday, July 4th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 975 ($12.59) target price on shares of GVC Holdings PLC in a report on Thursday, July 6th. Investec reaffirmed a “buy” rating and set a GBX 820 ($10.59) target price on shares of GVC Holdings PLC in a report on Thursday, July 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 870 ($11.24) target price on shares of GVC Holdings PLC in a report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 880.44 ($11.37).
GVC Holdings PLC (GVC) traded down 1.41% during midday trading on Friday, reaching GBX 839.50. The company had a trading volume of 1,699,793 shares. The firm’s market capitalization is GBX 2.47 billion. GVC Holdings PLC has a 12 month low of GBX 586.00 and a 12 month high of GBX 858.50. The firm’s 50-day moving average price is GBX 774.04 and its 200 day moving average price is GBX 757.30.
In related news, insider Norbert Teufelberger sold 142,857 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of GBX 831 ($10.73), for a total value of £1,187,141.67 ($1,533,180.51).
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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