Numis Securities Reaffirms “Buy” Rating for GVC (GVC)
A number of other brokerages have also recently weighed in on GVC. AlphaValue upgraded GVC to a buy rating in a report on Monday, June 4th. Peel Hunt reiterated a buy rating on shares of GVC in a report on Monday, June 25th. HSBC upgraded GVC to a buy rating and lifted their target price for the company from GBX 880 ($11.46) to GBX 1,135 ($14.78) in a report on Monday, June 4th. Shore Capital restated a buy rating on shares of GVC in a research note on Thursday. Finally, Canaccord Genuity boosted their price objective on GVC from GBX 1,170 ($15.24) to GBX 1,250 ($16.28) and gave the stock a buy rating in a research note on Friday, July 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. GVC has a consensus rating of Buy and a consensus target price of GBX 1,187 ($15.46).
Shares of GVC stock opened at GBX 1,031 ($13.43) on Thursday. GVC has a twelve month low of GBX 705.50 ($9.19) and a twelve month high of GBX 996 ($12.97).
GVC Company Profile
GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. It operates through Sports Labels, Games Labels, B2B, and Non-Core segments. The company provides online betting, casino, poker, and bingo services through mobile and web under the Bwin brand; sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand.
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