GVC (GVC) Given New GBX 1,350 Price Target at Berenberg Bank

GVC (LON:GVC) had its price target decreased by Berenberg Bank from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) in a report published on Friday. Berenberg Bank currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on GVC. Peel Hunt reaffirmed a buy rating on shares of GVC in a research report on Monday, June 25th. Canaccord Genuity lifted their target price on GVC from GBX 1,170 ($15.29) to GBX 1,250 ($16.33) and gave the stock a buy rating in a research report on Friday, July 13th. Shore Capital reissued a buy rating on shares of GVC in a research report on Wednesday, July 18th. Numis Securities lifted their target price on GVC from GBX 1,141 ($14.91) to GBX 1,376 ($17.98) and gave the stock a buy rating in a research report on Wednesday, July 18th. Finally, Morgan Stanley initiated coverage on GVC in a research report on Wednesday, August 29th. They set an overweight rating and a GBX 1,330 ($17.38) target price on the stock. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 1,212.36 ($15.84).

Shares of LON:GVC traded up GBX 32 ($0.42) during midday trading on Friday, hitting GBX 932 ($12.18). The company’s stock had a trading volume of 3,462,987 shares, compared to its average volume of 2,260,000. GVC has a fifty-two week low of GBX 705.50 ($9.22) and a fifty-two week high of GBX 996 ($13.01).

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

In other GVC news, insider Lee Feldman sold 732,382 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of GBX 954 ($12.47), for a total transaction 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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