GVC (LON:GVC) Shares Cross Above 50-Day Moving Average of $851.59

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GVC Holdings PLC (LON:GVC) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $851.59 and traded as high as $857.20. GVC shares last traded at $852.60, with a volume of 1,056,578 shares changing hands.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of GVC in a report on Monday, October 28th. They issued an “outperform” rating and a GBX 1,060 ($13.85) price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of GVC in a research report on Friday, October 11th. They issued an “overweight” rating and a GBX 1,040 ($13.59) target price on the stock. HSBC increased their target price on shares of GVC from GBX 910 ($11.89) to GBX 1,070 ($13.98) and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays increased their target price on shares of GVC from GBX 913 ($11.93) to GBX 1,050 ($13.72) and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 900 ($11.76) target price on shares of GVC in a research report on Thursday, August 15th. Thirteen research analysts have rated the stock with a buy rating, GVC presently has a consensus rating of “Buy” and an average target price of GBX 1,027.58 ($13.43).

The company has a debt-to-equity ratio of 79.61, a quick ratio of 0.69 and a current ratio of 0.74. The company has a market capitalization of $4.93 billion and a PE ratio of -27.77. The company’s 50-day simple moving average is GBX 851.59 and its 200-day simple moving average is GBX 694.21.

In other GVC news, insider J M. Barry Gibson acquired 13,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of GBX 794 ($10.38) per share, with a total value of £103,220 ($134,875.21).

GVC Company Profile (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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