Shore Capital reiterated their buy rating on shares of GVC (LON:GVC) in a report released on Thursday morning, Digital Look reports.
GVC has been the subject of several other reports. Numis Securities reiterated a buy rating on shares of GVC in a report on Wednesday, May 1st. Jefferies Financial Group restated a buy rating on shares of GVC in a report on Tuesday, April 9th. Berenberg Bank restated a buy rating on shares of GVC in a report on Friday, March 1st. Peel Hunt restated a buy rating on shares of GVC in a report on Friday, April 5th. Finally, Barclays raised their target price on shares of GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the stock an overweight rating in a report on Friday, April 26th. Twelve equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of GBX 1,104.80 ($14.44).
Shares of GVC stock traded up GBX 22.20 ($0.29) on Thursday, hitting GBX 626.60 ($8.19). The company had a trading volume of 5,935,717 shares, compared to its average volume of 2,260,000. The company has a debt-to-equity ratio of 64.09, a current ratio of 0.76 and a quick ratio of 0.65. The stock has a market capitalization of $3.65 billion and a PE ratio of -51.36. GVC has a 52 week low of GBX 504 ($6.59) and a 52 week high of GBX 1,184 ($15.47).
In other news, insider Virginia McDowell purchased 7,000 shares of GVC stock in a transaction that occurred 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). Also, insider Lee Feldman sold 900,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were 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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