GVC Holdings PLC (GVC) Receives GBX 893.22 Average PT from Brokerages
GVC Holdings PLC (LON:GVC) has been assigned an average rating of “Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 893.22 ($11.85).
GVC has been the topic of several analyst reports. Deutsche Bank AG lifted their target price on shares of GVC Holdings PLC from GBX 870 ($11.54) to GBX 985 ($13.07) and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Canaccord Genuity lifted their target price on shares of GVC Holdings PLC from GBX 850 ($11.27) to GBX 925 ($12.27) and gave the stock a “buy” rating in a research report on Friday, September 15th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 985 ($13.07) target price on shares of GVC Holdings PLC in a research report on Thursday, September 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 920 ($12.20) target price on shares of GVC Holdings PLC in a research report on Friday, September 1st. Finally, Investec reissued a “buy” rating and issued a GBX 820 ($10.88) target price on shares of GVC Holdings PLC in a research report on Thursday, July 6th.
Shares of GVC Holdings PLC (GVC) traded up 0.65% during mid-day trading on Friday, reaching GBX 850.50. 706,922 shares of the company were exchanged. The firm’s market capitalization is GBX 2.52 billion. GVC Holdings PLC has a 12 month low of GBX 586.00 and a 12 month high of GBX 861.00. The company’s 50 day moving average price is GBX 799.65 and its 200 day moving average price is GBX 770.47.
The company also recently announced a dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 21st will be given a €0.17 ($0.19) dividend. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, September 21st.
In related news, insider Norbert Teufelberger sold 69,254 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.20), for a total transaction of £584,503.76 ($775,306.75). Insiders have sold 442,857 shares of company stock worth $372,144,913 over the last ninety days.
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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