Berenberg Bank Reiterates Buy Rating for GVC (GVC)

Berenberg Bank reaffirmed their buy rating on shares of GVC (LON:GVC) in a research report released on Monday. Berenberg Bank currently has a GBX 1,100 ($14.92) price objective on the stock.

Several other research firms also recently weighed in on GVC. Peel Hunt reiterated a buy rating and issued a GBX 1,000 ($13.56) target price on shares of GVC in a research note on Wednesday, November 29th. Citigroup upgraded shares of GVC to a buy rating and set a GBX 1,090 ($14.78) target price for the company in a research note on Friday, December 8th. Barclays lifted their target price on shares of GVC from GBX 1,066 ($14.46) to GBX 1,070 ($14.51) and gave the stock an overweight rating in a research note on Friday, January 12th. Numis Securities reiterated a buy rating and issued a GBX 1,133 ($15.36) target price on shares of GVC in a research note on Monday, December 18th. Finally, Canaccord Genuity Group lifted their target price on shares of GVC from GBX 925 ($12.54) to GBX 1,010 ($13.70) and gave the stock a buy rating in a research note on Friday, November 3rd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 1,018.45 ($13.81).

GVC (GVC) opened at GBX 948 ($12.86) on Monday. The firm has a market cap of $2,860.00 and a PE ratio of -5,266.67. GVC has a 12 month low of GBX 586 ($7.95) and a 12 month high of GBX 996 ($13.51).

In other news, insider Norbert Teufelberger sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of GBX 952 ($12.91), for a total value of £3,808,000 ($5,164,090.05). Also, insider Lee Feldman sold 488,782 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of GBX 903 ($12.25), for a total transaction of £4,413,701.46 ($5,985,491.54).

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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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