GVC’s (GVC) Buy Rating Reiterated at Peel Hunt

GVC (LON:GVC)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a note issued to investors on Friday. They currently have a GBX 1,200 ($16.27) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 30.22% from the stock’s previous close.

A number of other research analysts have also recently weighed in on GVC. Canaccord Genuity Group lifted their price objective on shares of GVC from GBX 925 ($12.54) to GBX 1,010 ($13.70) and gave the company a “buy” rating in a report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and issued a GBX 1,100 ($14.92) price objective on shares of GVC in a report on Monday, January 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,100 ($14.92) price target on shares of GVC in a research note on Monday, January 22nd. Barclays lifted their price target on shares of GVC from GBX 1,066 ($14.46) to GBX 1,070 ($14.51) and gave the stock an “overweight” rating in a research note on Friday, January 12th. Finally, Macquarie initiated coverage on shares of GVC in a research note on Wednesday, October 11th. They issued a “neutral” rating and a GBX 865 ($11.73) price target for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 1,018.45 ($13.81).

Shares of GVC (GVC) traded down GBX 26.50 ($0.36) during mid-day trading on Friday, hitting GBX 921.50 ($12.50). 8,369,446 shares of the company were exchanged, compared to its average volume of 1,510,000. The firm has a market capitalization of $2,820.00 and a PE ratio of -5,119.44. GVC has a 52-week low of GBX 586 ($7.95) and a 52-week high of GBX 996 ($13.51).

In other news, insider Norbert Teufelberger sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of GBX 952 ($12.91), for a total transaction of £3,808,000 ($5,164,090.05). Also, insider Lee Feldman sold 488,782 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($12.25), for a total transaction of £4,413,701.46 ($5,985,491.54).

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About GVC

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.

Analyst Recommendations for GVC (LON:GVC)

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