Other equities analysts have also issued reports about the stock. Berenberg Bank restated a buy rating and issued a GBX 1,200 ($15.98) price objective on shares of GVC in a report on Thursday, March 15th. Canaccord Genuity restated a buy rating and issued a GBX 1,070 ($14.25) price objective on shares of GVC in a report on Tuesday, March 13th. Deutsche Bank restated a buy rating and issued a GBX 1,300 ($17.31) price objective (up from GBX 985 ($13.11)) on shares of GVC in a report on Monday, April 9th. HSBC upgraded shares of GVC to a buy rating and increased their price objective for the company from GBX 880 ($11.72) to GBX 1,135 ($15.11) in a report on Monday, June 4th. Finally, Numis Securities restated a buy rating and issued a GBX 1,141 ($15.19) price objective on shares of GVC in a report on Friday, May 25th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. GVC presently has a consensus rating of Buy and an average target price of GBX 1,099.50 ($14.64).
Shares of GVC stock opened at GBX 1,048 ($13.95) on Monday. GVC has a 12 month low of GBX 705.50 ($9.39) and a 12 month high of GBX 996 ($13.26).
In other GVC news, insider Lee Feldman sold 369,125 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 903 ($12.02), for a total value of £3,333,198.75 ($4,437,756.29).
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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