GVC (LON:GVC) Receives New Coverage from Analysts at Barclays

Barclays initiated coverage on shares of GVC (LON:GVC) in a research note published on Tuesday, January 2nd. The brokerage issued an overweight rating and a GBX 1,066 ($14.46) target price on the stock.

GVC has been the subject of several other reports. Canaccord Genuity boosted their target price on shares of GVC from GBX 850 ($11.53) to GBX 925 ($12.54) and gave the company a buy rating in a research report on Friday, September 15th. Numis Securities restated a buy rating and set a GBX 985 ($13.36) target price on shares of GVC in a research report on Thursday, September 14th. Macquarie assumed coverage on shares of GVC in a research report on Wednesday, October 11th. They set a neutral rating and a GBX 865 ($11.73) target price for the company. Canaccord Genuity Group upped their price target on shares of GVC from GBX 925 ($12.54) to GBX 1,010 ($13.70) and gave the stock a buy rating in a research report on Friday, November 3rd. Finally, Deutsche Bank upped their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. GVC currently has an average rating of Buy and a consensus price target of GBX 1,010.27 ($13.70).

GVC (LON:GVC) opened at GBX 940 ($12.75) on Tuesday. The firm has a market cap of $2,870.00 and a P/E ratio of -4,947.37. GVC has a twelve month low of GBX 586 ($7.95) and a twelve month high of GBX 996 ($13.51).

In related news, insider Lee Feldman sold 488,782 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of GBX 903 ($12.25), for a total transaction of £4,413,701.46 ($5,985,491.54). Also, insider Norbert Teufelberger sold 400,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of GBX 952 ($12.91), for a total transaction of £3,808,000 ($5,164,090.05).

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About GVC

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.

Analyst Recommendations for GVC (LON:GVC)

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