GVC (LON:GVC) Given “Buy” Rating at Numis Securities

GVC (LON:GVC)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research analysts also recently commented on the company. Jefferies Financial Group restated a “buy” rating on shares of GVC in a research note on Tuesday, April 9th. Shore Capital restated a “buy” rating on shares of GVC in a research note on Wednesday, February 27th. Barclays raised their target price on GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the stock an “overweight” rating in a research note on Friday, April 26th. Berenberg Bank restated a “buy” rating on shares of GVC in a research note on Friday, March 1st. Finally, Peel Hunt restated a “buy” rating on shares of GVC in a research note on Thursday, February 28th. Eleven equities research analysts have rated the stock with a buy rating, GVC has an average rating of “Buy” and a consensus target price of GBX 1,118.33 ($14.61).

Shares of GVC opened at GBX 624 ($8.15) on Wednesday. GVC has a fifty-two week low of GBX 504 ($6.59) and a fifty-two week high of GBX 1,184 ($15.47). The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 64.09. The stock has a market capitalization of $3.70 billion and a P/E ratio of -51.15.

In related news, insider Virginia McDowell bought 7,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of GBX 543 ($7.10) per share, for a total transaction of £38,010 ($49,666.80).

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.

Further Reading: Recession

Analyst Recommendations for GVC (LON:GVC)

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