GVC Holdings PLC (GVC) Receives Consensus Recommendation of “Buy” from Brokerages
GVC Holdings PLC (LON:GVC) has been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 890.40 ($11.75).
A number of research firms have recently issued reports on GVC. Canaccord Genuity restated a “buy” rating and set a GBX 925 ($12.21) price objective on shares of GVC Holdings PLC in a research report on Thursday, October 12th. Peel Hunt restated a “buy” rating and set a GBX 1,000 ($13.20) price objective on shares of GVC Holdings PLC in a research report on Thursday, October 12th. Macquarie began coverage on GVC Holdings PLC in a research report on Wednesday, October 11th. They set a “neutral” rating and a GBX 865 ($11.41) price objective on the stock. Deutsche Bank AG boosted their price objective on GVC Holdings PLC from GBX 870 ($11.48) to GBX 985 ($13.00) and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 985 ($13.00) price objective on shares of GVC Holdings PLC in a research report on Thursday, September 14th.
In related news, insider Norbert Teufelberger sold 69,254 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 844 ($11.14), for a total value of £584,503.76 ($771,316.65). In the last ninety days, insiders sold 442,857 shares of company stock worth $372,144,913.
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GVC Holdings PLC (LON:GVC) opened at 917.59613 on Friday. GVC Holdings PLC has a 52 week low of GBX 586.00 and a 52 week high of GBX 918.50. The company’s market capitalization is GBX 2.72 billion. The company’s 50-day moving average price is GBX 854.95 and its 200 day moving average price is GBX 788.21.
The business also recently declared a dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, September 21st were paid a €0.17 ($0.19) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 21st.
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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