GVC Holdings PLC (GVC) Given Average Recommendation of “Buy” by Analysts

GVC Holdings PLC (LON:GVC) has earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,240.88 ($16.21).

GVC has been the subject of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,370 ($17.90) price objective on shares of GVC in a report on Tuesday, August 21st. Peel Hunt reaffirmed a “buy” rating on shares of GVC in a report on Monday, August 6th. Shore Capital reaffirmed a “buy” rating on shares of GVC in a report on Monday, July 30th. Numis Securities raised their price objective on shares of GVC from GBX 1,141 ($14.91) to GBX 1,376 ($17.98) and gave the stock a “buy” rating in a report on Wednesday, July 18th. Finally, Canaccord Genuity increased their target price on shares of GVC from GBX 1,170 ($15.29) to GBX 1,250 ($16.33) and gave the stock a “buy” rating in a research note on Friday, July 13th.

GVC traded up GBX 4.50 ($0.06) on Friday, hitting GBX 929.50 ($12.15). The company’s stock had a trading volume of 2,728,853 shares, compared to its average volume of 2,260,000. GVC has a 12 month low of GBX 705.50 ($9.22) and a 12 month high of GBX 996 ($13.01).

The company also recently announced a dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, September 20th will be paid a GBX 16 ($0.21) dividend. The ex-dividend date is Thursday, September 20th. This is a boost from GVC’s previous dividend of $0.18. This represents a yield of 1.51%.

In other GVC news, insider Lee Feldman sold 732,382 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of GBX 954 ($12.47), for a total value of £6,986,924.28 ($9,129,654.10).

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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Analyst Recommendations for GVC (LON:GVC)

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