Peel Hunt restated their buy rating on shares of GVC (LON:GVC) in a research note issued to investors on Thursday morning, LSE.Co.UK reports. They currently have a GBX 900 ($11.76) price objective on the stock.
Other research analysts have also recently issued reports about the company. Berenberg Bank lowered their target price 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. Morgan Stanley restated an overweight rating on shares of GVC in a report on Monday, July 15th. Jefferies Financial Group restated a buy rating and set a GBX 1,100 ($14.37) target price on shares of GVC in a report on Monday, July 1st. Barclays boosted their target price on 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. Finally, Peel Hunt restated a buy rating and set a GBX 900 ($11.76) target price on shares of GVC in a report on Thursday. Thirteen investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of GBX 1,059.67 ($13.85).
Shares of GVC stock opened at GBX 576.64 ($7.53) on Thursday. The stock has a market cap of $3.36 billion and a P/E ratio of -18.78. The stock’s 50 day simple moving average is GBX 609.89 and its 200-day simple moving average is GBX 614.36. GVC has a 1-year low of GBX 504 ($6.59) and a 1-year high of GBX 1,151 ($15.04). The company has a debt-to-equity ratio of 79.61, a current ratio of 0.74 and a quick ratio of 0.69.
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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