GVC Holdings PLC (GVC) Given Average Rating of “Buy” by Brokerages
GVC Holdings PLC (LON:GVC) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 764.11 ($9.29).
GVC has been the topic of a number of analyst reports. Liberum Capital restated a “buy” rating and set a GBX 825 ($10.03) target price on shares of GVC Holdings PLC in a research report on Thursday, November 3rd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 760 ($9.24) price objective on shares of GVC Holdings PLC in a report on Tuesday, November 1st. Investec reiterated a “buy” rating and issued a GBX 760 ($9.24) price objective on shares of GVC Holdings PLC in a report on Wednesday, November 2nd. Canaccord Genuity lifted their price objective on GVC Holdings PLC from GBX 720 ($8.76) to GBX 755 ($9.18) and gave the stock a “buy” rating in a report on Tuesday, September 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 850 ($10.34) price objective on shares of GVC Holdings PLC in a report on Wednesday, December 28th.
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Shares of GVC Holdings PLC (LON:GVC) opened at 619.00 on Monday. GVC Holdings PLC has a one year low of GBX 415.00 and a one year high of GBX 1,180.47. The stock has a 50 day moving average price of GBX 645.96 and a 200 day moving average price of GBX 668.11. The stock’s market capitalization is GBX 1.81 billion.
The business also recently announced a dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Thursday, January 5th will be issued a dividend of GBX 12.50 ($0.15) per share. This represents a dividend yield of 1.89%. The ex-dividend date is Thursday, January 5th.
In related news, insider Lee Feldman bought 17,295 shares of the stock in a transaction dated Monday, December 19th. The shares were acquired at an average cost of GBX 646 ($7.86) per share, for a total transaction of £111,725.70 ($135,869.76).
About GVC Holdings PLC
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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