GVC (LON:GVC) Earns Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of GVC (LON:GVC) in a report released on Monday, ThisIsMoney.Co.Uk reports.

GVC has been the subject of several other reports. Royal Bank of Canada initiated coverage on shares of GVC in a report on Monday, October 28th. They issued an outperform rating and a GBX 1,060 ($13.94) price target for the company. Barclays raised their price target on shares of GVC from GBX 913 ($12.01) to GBX 1,050 ($13.81) and gave the company an overweight rating in a report on Tuesday, October 29th. Berenberg Bank raised their price target on shares of GVC from GBX 1,100 ($14.47) to GBX 1,200 ($15.79) and gave the company a buy rating in a report on Friday, January 17th. UBS Group initiated coverage on shares of GVC in a report on Friday, January 17th. They issued a buy rating and a GBX 1,075 ($14.14) price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of GVC in a report on Friday, October 11th. They issued an overweight rating and a GBX 1,040 ($13.68) price target for the company. Thirteen research analysts have rated the stock with a buy rating, GVC has an average rating of Buy and a consensus price target of GBX 1,058.83 ($13.93).

GVC opened at GBX 907.80 ($11.94) on Monday. The company has a 50 day moving average of GBX 888.24 and a 200 day moving average of GBX 762.83. The company has a market cap of $5.30 billion and a PE ratio of -29.57. GVC has a 12 month low of GBX 504 ($6.63) and a 12 month high of GBX 956.80 ($12.59). 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 related news, insider J M. Barry Gibson acquired 13,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of GBX 794 ($10.44) per share, for a total transaction of £103,220 ($135,780.06).

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.

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Analyst Recommendations for GVC (LON:GVC)

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