Berenberg Bank Reaffirms “Buy” Rating for GVC Holdings PLC (GVC)

Berenberg Bank reaffirmed their buy rating on shares of GVC Holdings PLC (LON:GVC) in a research report released on Wednesday. The firm currently has a GBX 960 ($12.63) price objective on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank AG increased their target price on GVC Holdings PLC from GBX 870 ($11.44) to GBX 985 ($12.96) and gave the company a buy rating in a research report on Tuesday, September 19th. Canaccord Genuity increased their target price on GVC Holdings PLC from GBX 850 ($11.18) to GBX 925 ($12.17) and gave the company a buy rating in a research report on Friday, September 15th. Numis Securities Ltd reiterated a buy rating and issued a GBX 985 ($12.96) target price on shares of GVC Holdings PLC in a research report on Thursday, September 14th. Peel Hunt reiterated a buy rating and issued a GBX 1,000 ($13.15) target price on shares of GVC Holdings PLC in a research report on Thursday, October 12th. Finally, Macquarie initiated coverage on GVC Holdings PLC in a research report on Wednesday, October 11th. They issued a neutral rating and a GBX 865 ($11.38) target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. GVC Holdings PLC currently has a consensus rating of Buy and a consensus target price of GBX 902.90 ($11.88).

Shares of GVC Holdings PLC (GVC) traded up GBX 5 ($0.07) during mid-day trading on Wednesday, hitting GBX 890.50 ($11.71). The company had a trading volume of 1,221,691 shares, compared to its average volume of 1,230,000. GVC Holdings PLC has a twelve month low of GBX 586 ($7.71) and a twelve month high of GBX 962 ($12.65).

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The business also recently declared a dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, September 21st were paid a €0.17 ($0.19) dividend. The ex-dividend date was Thursday, September 21st. This represents a dividend yield of 1.73%.

In other news, insider Lee Feldman sold 488,782 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($11.88), for a total value of £4,413,701.46 ($5,805,210.39). Also, insider Norbert Teufelberger sold 69,254 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.10), for a total value of £584,503.76 ($768,780.43). In the last three months, insiders sold 1,331,639 shares of company stock valued at $1,194,315,059.

About GVC Holdings PLC

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 Holdings PLC (LON:GVC)

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