Other equities research analysts have also issued reports about the stock. Morgan Stanley restated an overweight rating and set a GBX 1,280 ($16.73) target price (down from GBX 1,330 ($17.38)) on shares of GVC in a research report on Monday, January 7th. Berenberg Bank decreased their price target on GVC from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) and set a buy rating for the company in a report on Friday, October 12th. Credit Suisse Group cut their target price on GVC from GBX 1,200 ($15.68) to GBX 1,080 ($14.11) and set an outperform rating on the stock in a research report on Tuesday, October 30th. Goldman Sachs Group cut their target price on GVC from GBX 1,195 ($15.61) to GBX 1,150 ($15.03) and set a buy rating on the stock in a research report on Wednesday, October 31st. Finally, Canaccord Genuity cut their target price on GVC from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a buy rating on the stock in a research report on Monday, November 19th. Thirteen investment analysts have rated the stock with a buy rating, GVC presently has an average rating of Buy and an average price target of GBX 1,150.75 ($15.04).
LON:GVC traded down GBX 9.50 ($0.12) during midday trading on Thursday, reaching GBX 647.50 ($8.46). The stock had a trading volume of 3,336,942 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).
In related news, insider Stephen Morana acquired 14,759 shares of the stock in a transaction dated Thursday, December 13th. The shares were acquired at an average price of GBX 675 ($8.82) per share, with a total value of £99,623.25 ($130,175.42).
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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