Insider Selling: GVC Holdings PLC (GVC) Insider Sells 488,782 Shares of Stock
GVC Holdings PLC (LON:GVC) insider Lee Feldman sold 488,782 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($11.88), for a total transaction of £4,413,701.46 ($5,805,210.39).
GVC Holdings PLC (GVC) remained flat at $GBX 901 ($11.85) during midday trading on Wednesday. The company had a trading volume of 2,851,523 shares, compared to its average volume of 1,060,000. GVC Holdings PLC has a 52-week low of GBX 586 ($7.71) and a 52-week high of GBX 962 ($12.65).
The business also recently disclosed 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.
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A number of research analysts have issued reports on GVC shares. Deutsche Bank AG increased their target price on shares of GVC Holdings PLC from GBX 870 ($11.44) to GBX 985 ($12.96) and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Canaccord Genuity increased their price target on shares of GVC Holdings PLC from GBX 850 ($11.18) to GBX 925 ($12.17) and gave the stock a “buy” rating in a research report on Friday, September 15th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 985 ($12.96) price target on shares of GVC Holdings PLC in a research report on Thursday, September 14th. Berenberg Bank reiterated a “buy” rating and set a GBX 920 ($12.10) price target on shares of GVC Holdings PLC in a research report on Friday, September 1st. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,000 ($13.15) price target on shares of GVC Holdings PLC in a research report on Thursday, October 12th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. GVC Holdings PLC presently has an average rating of “Buy” and an average target price of GBX 902.90 ($11.88).
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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