GVC (GVC) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of GVC (LON:GVC) in a research note issued to investors on Tuesday. Berenberg Bank currently has a GBX 1,100 ($14.37) price target on the stock.

Other research analysts have also recently issued research reports about the company. Numis Securities upgraded GVC to a buy rating and set a GBX 1,098 ($14.35) target price for the company in a research note on Tuesday, January 8th. Shore Capital reaffirmed a buy rating on shares of GVC in a research report on Wednesday, February 27th. Peel Hunt reaffirmed a buy rating on shares of GVC in a research report on Thursday, January 17th. Morgan Stanley reaffirmed an overweight rating on shares of GVC in a research report on Friday, February 8th. Finally, Barclays reduced their price objective on GVC from GBX 1,180 ($15.42) to GBX 1,083 ($14.15) and set an overweight rating for the company in a research report on Monday, January 14th. Thirteen analysts have rated the stock with a buy rating, GVC presently has a consensus rating of Buy and a consensus target price of GBX 1,134.42 ($14.82).

GVC opened at GBX 544 ($7.11) on Tuesday. GVC has a 52 week low of GBX 705.50 ($9.22) and a 52 week high of GBX 996 ($13.01).

The business also recently announced a dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, March 14th will be given a dividend of GBX 16 ($0.21) per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 2.46%.

In related news, insider Lee Feldman sold 900,000 shares of GVC stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of GBX 666 ($8.70), for a total transaction of £5,994,000 ($7,832,222.66).

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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