GVC’s (LON:GVC) “Buy” Rating Reaffirmed at Shore Capital

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GVC (LON:GVC)‘s stock had its “buy” rating reiterated by Shore Capital in a research note issued on Thursday, January 17th.

GVC has been the topic of a number of other research reports. Credit Suisse Group cut their price objective on shares of GVC from GBX 1,200 ($15.68) to GBX 1,080 ($14.11) and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Barclays lowered their target price on shares of GVC from GBX 1,180 ($15.42) to GBX 1,083 ($14.15) and set an “overweight” rating on the stock in a research report on Monday, January 14th. Numis Securities upgraded shares of GVC to a “buy” rating and set a GBX 1,098 ($14.35) target price on the stock in a research report on Tuesday, January 8th. Goldman Sachs Group lowered their price objective on shares of GVC from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a “buy” rating on the stock in a research report on Monday, January 14th. Finally, Berenberg Bank lowered their price objective on shares of GVC from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) and set a “buy” rating on the stock in a research report on Friday, October 12th. Thirteen research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,150.75 ($15.04).

LON:GVC traded up GBX 7.50 ($0.10) during mid-day trading on Thursday, hitting GBX 655 ($8.56). The stock had a trading volume of 2,151,429 shares, compared to its average volume of 2,260,000. GVC has a twelve month low of GBX 705.50 ($9.22) and a twelve month high of GBX 996 ($13.01).

In other news, insider Stephen Morana purchased 14,759 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was acquired at an average price of GBX 675 ($8.82) per share, with a total value of £99,623.25 ($130,175.42).

About GVC

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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