GVC (GVC) PT Raised to GBX 1,120

GVC (LON:GVC) had its price target boosted by Barclays from GBX 1,070 ($15.02) to GBX 1,120 ($15.72) in a research report released on Monday, March 12th. Barclays currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a buy rating and issued a GBX 1,100 ($15.44) price objective on shares of GVC in a research report on Monday, January 22nd. Peel Hunt restated a buy rating and set a GBX 1,200 ($16.84) price objective on shares of GVC in a research note on Monday, February 26th. Numis Securities reaffirmed a buy rating and set a GBX 1,133 ($15.90) target price on shares of GVC in a research report on Monday, December 18th. Citigroup raised GVC to a buy rating and set a GBX 1,090 ($15.30) price objective for the company in a report on Friday, December 8th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 1,100 ($15.44) target price on shares of GVC in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. GVC has a consensus rating of Buy and an average price target of GBX 1,058.30 ($14.86).

How to Become a New Pot Stock Millionaire

Shares of GVC traded down GBX 0.50 ($0.01) during mid-day trading on Monday, hitting GBX 908 ($12.75). The company’s stock had a trading volume of 1,508,222 shares, compared to its average volume of 2,260,000. GVC has a 1-year low of GBX 705.50 ($9.90) and a 1-year high of GBX 996 ($13.98).

The business also recently announced a dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, March 22nd will be paid a €0.18 ($0.22) dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 22nd. This is a boost from GVC’s previous dividend of $0.17.

In other news, insider Lee Feldman sold 369,125 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 903 ($12.68), for a total transaction of £3,333,198.75 ($4,678,830.36).

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GVC Company Profile

GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.

Analyst Recommendations for GVC (LON:GVC)

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