Numis Securities Ltd Reaffirms Buy Rating for GVC Holdings PLC (GVC)
Numis Securities Ltd reaffirmed their buy rating on shares of GVC Holdings PLC (LON:GVC) in a report published on Thursday morning. Numis Securities Ltd currently has a GBX 985 ($12.72) price objective on the stock.
Several other research analysts also recently weighed in on GVC. Canaccord Genuity boosted their target price on shares of GVC Holdings PLC from GBX 785 ($10.14) to GBX 850 ($10.98) and gave the company a buy rating in a research note on Friday, May 26th. Peel Hunt assumed coverage on shares of GVC Holdings PLC in a research note on Thursday, June 29th. They issued a buy rating and a GBX 1,000 ($12.91) target price for the company. Berenberg Bank upped their price objective on shares of GVC Holdings PLC from GBX 900 ($11.62) to GBX 920 ($11.88) and gave the company a buy rating in a research note on Tuesday, July 4th. Investec reaffirmed a buy rating and set a GBX 820 ($10.59) price objective on shares of GVC Holdings PLC in a research note on Thursday, July 6th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a GBX 870 ($11.24) price objective on shares of GVC Holdings PLC in a research note on Friday, September 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. GVC Holdings PLC presently has an average rating of Buy and an average target price of GBX 880.44 ($11.37).
GVC Holdings PLC (GVC) opened at 839.50 on Thursday. The stock’s 50 day moving average is GBX 774.04 and its 200 day moving average is GBX 757.30. GVC Holdings PLC has a 52 week low of GBX 586.00 and a 52 week high of GBX 858.50. The stock’s market cap is GBX 2.47 billion.
In other news, insider Norbert Teufelberger sold 142,857 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of GBX 831 ($10.73), for a total transaction of £1,187,141.67 ($1,533,180.51).
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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