GVC (LON:GVC) had its target price raised by equities research analysts at Barclays from GBX 1,066 ($14.46) to GBX 1,070 ($14.51) in a note issued to investors on Friday. The brokerage presently has an “overweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 12.04% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Deutsche Bank lifted their price target on GVC from GBX 870 ($11.80) to GBX 985 ($13.36) and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Canaccord Genuity lifted their price target on GVC from GBX 850 ($11.53) to GBX 925 ($12.54) and gave the stock a “buy” rating in a research report on Friday, September 15th. Numis Securities reaffirmed a “buy” rating and set a GBX 985 ($13.36) price target on shares of GVC in a research report on Thursday, September 14th. Citigroup raised GVC to a “buy” rating and set a GBX 1,090 ($14.78) price target for the company in a research report on Friday, December 8th. Finally, Peel Hunt boosted their price objective on GVC from GBX 1,000 ($13.56) to GBX 1,200 ($16.27) and gave the company a “buy” rating in a report on Friday, December 8th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,010.27 ($13.70).
Shares of GVC (LON:GVC) opened at GBX 955 ($12.95) on Friday. The firm has a market capitalization of $2,910.00 and a price-to-earnings ratio of -5,026.32. GVC has a 52-week low of GBX 586 ($7.95) and a 52-week high of GBX 996 ($13.51).
In related news, insider Norbert Teufelberger sold 400,000 shares of GVC stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of GBX 952 ($12.91), for a total value of £3,808,000 ($5,164,090.05). Also, insider Lee Feldman sold 488,782 shares of GVC stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of GBX 903 ($12.25), for a total value of £4,413,701.46 ($5,985,491.54).
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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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