GVC Holdings PLC (LON:GVC) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $725.03 and traded as high as $859.20. GVC shares last traded at $852.40, with a volume of 2,087,622 shares traded.
GVC has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating on shares of GVC in a research report on Monday, October 7th. Morgan Stanley reduced their price target on GVC from GBX 1,040 ($13.59) to GBX 1,015 ($13.26) and set an “overweight” rating for the company in a research report on Thursday, September 12th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,035 ($13.52) price target (up from GBX 945 ($12.35)) on shares of GVC in a research report on Monday, October 7th. Shore Capital reissued a “buy” rating on shares of GVC in a research report on Wednesday, October 9th. Finally, Barclays upped their target price on GVC from GBX 900 ($11.76) to GBX 913 ($11.93) and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Thirteen equities research analysts have rated the stock with a buy rating, GVC currently has an average rating of “Buy” and an average target price of GBX 1,028.67 ($13.44).
The company has a 50-day moving average of GBX 729.88 and a 200-day moving average of GBX 640.90. The company has a market capitalization of $4.96 billion and a price-to-earnings ratio of -27.77. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 79.61.
In other GVC news, insider Peter Isola bought 16,800 shares of GVC stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of GBX 588 ($7.68) per share, with a total value of £98,784 ($129,078.79).
About GVC (LON: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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