GVC Holdings PLC’s (GVC) “Buy” Rating Reaffirmed at Numis Securities Ltd
GVC Holdings PLC (LON:GVC)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a research report issued on Thursday. They presently have a GBX 985 ($12.72) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 17.33% from the stock’s current price.
Several other equities analysts also recently commented on GVC. Canaccord Genuity boosted their price target on shares of GVC Holdings PLC from GBX 785 ($10.14) to GBX 850 ($10.98) and gave the stock a “buy” rating in a research note on Friday, May 26th. Peel Hunt initiated coverage on shares of GVC Holdings PLC in a research note on Thursday, June 29th. They issued a “buy” rating and a GBX 1,000 ($12.91) price target for the company. Berenberg Bank boosted their price target on shares of GVC Holdings PLC from GBX 900 ($11.62) to GBX 920 ($11.88) and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Investec restated 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. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 870 ($11.24) price target on shares of GVC Holdings PLC in a research note on Friday, September 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. GVC Holdings PLC currently has an average rating of “Buy” and a consensus price target of GBX 880.44 ($11.37).
Shares of GVC Holdings PLC (LON:GVC) traded down 1.41% during mid-day trading on Thursday, hitting GBX 839.50. The stock had a trading volume of 1,699,793 shares. The firm’s market cap 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 stock’s 50-day moving average is GBX 774.04 and its 200 day moving average is GBX 757.30.
In related news, insider Norbert Teufelberger sold 142,857 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were 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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