Shares of GVC Holdings PLC (LON:GVC) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is GBX 1,169.56 ($15.28).
GVC has been the subject of a number of recent analyst reports. Peel Hunt restated a “buy” rating on shares of GVC in a research report on Wednesday, October 3rd. Berenberg Bank reduced their price target on shares of GVC from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) and set a “buy” rating for the company in a research report on Friday, October 12th. HSBC boosted their price target on shares of GVC from GBX 1,135 ($14.83) to GBX 1,285 ($16.79) and gave the company a “buy” rating in a research report on Wednesday, October 17th. Credit Suisse Group upgraded shares of GVC to an “outperform” rating in a research report on Tuesday, October 23rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,250 ($16.33) price objective on shares of GVC in a report on Monday, October 29th.
GVC opened at GBX 714.50 ($9.34) on Friday. GVC has a one year low of GBX 705.50 ($9.22) and a one year high of GBX 996 ($13.01).
In other GVC news, insider Stephen Morana purchased 14,759 shares of the stock in a transaction on Thursday, December 13th. The stock was acquired at an average cost of GBX 675 ($8.82) per share, with a total value of £99,623.25 ($130,175.42). Also, insider Jane Anscombe purchased 3,763 shares of the stock in a transaction on Tuesday, October 30th. The stock was acquired at an average cost of GBX 930 ($12.15) per share, with a total value of £34,995.90 ($45,728.34).
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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