Deutsche Bank reissued their buy rating on shares of GVC (LON:GVC) in a research note released on Thursday morning, Digital Look reports. Deutsche Bank currently has a GBX 910 ($11.89) target price on the stock.
Several other analysts have also recently weighed in on GVC. Barclays raised their price target on GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the company an overweight rating in a report on Friday, April 26th. Berenberg Bank lowered their price target on GVC from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set a buy rating on the stock in a report on Wednesday, August 14th. Peel Hunt reaffirmed a buy rating on shares of GVC in a report on Friday, August 2nd. Morgan Stanley reaffirmed an overweight rating on shares of GVC in a report on Monday, July 15th. Finally, Shore Capital reaffirmed a buy rating on shares of GVC in a report on Thursday. Thirteen research analysts have rated the stock with a buy rating, GVC presently has a consensus rating of Buy and a consensus target price of GBX 1,059.67 ($13.85).
LON:GVC opened at GBX 576.64 ($7.53) on Thursday. The business’s 50-day moving average price is GBX 609.89 and its two-hundred day moving average price is GBX 614.36. GVC has a twelve month low of GBX 504 ($6.59) and a twelve month high of GBX 1,151 ($15.04). The stock has a market cap of $3.36 billion and a P/E ratio of -18.78. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 79.61.
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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