GVC (LON:GVC) had its target price raised by Berenberg Bank from GBX 960 ($12.92) to GBX 1,150 ($15.48) in a research report sent to investors on Friday morning. They currently have a buy rating on the stock.
A number of other equities analysts have also recently commented on GVC. Canaccord Genuity Group lifted their target price on GVC from GBX 925 ($12.45) to GBX 1,010 ($13.59) and gave the stock a buy rating in a report on Friday, November 3rd. Deutsche Bank reiterated a buy rating and issued a GBX 870 ($11.71) target price on shares of GVC in a report on Friday, September 1st. Citigroup upgraded GVC to a buy rating and set a GBX 1,090 ($14.67) target price for the company in a report on Friday. Peel Hunt reiterated a buy rating and issued a GBX 1,000 ($13.46) target price on shares of GVC in a report on Thursday, October 12th. Finally, Macquarie assumed coverage on GVC in a report on Wednesday, October 11th. They issued a neutral rating and a GBX 865 ($11.64) target price for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of GBX 981.27 ($13.21).
GVC (LON:GVC) opened at GBX 955 ($12.85) on Friday. GVC has a 1-year low of GBX 586 ($7.89) and a 1-year high of GBX 992.50 ($13.36).
In related news, insider Lee Feldman sold 488,782 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($12.15), for a total transaction of £4,413,701.46 ($5,940,378.82). Also, insider Norbert Teufelberger sold 69,254 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.36), for a total value of £584,503.76 ($786,680.70). In the last 90 days, insiders have sold 1,331,639 shares of company stock valued at $1,194,315,059.
GVC 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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