Barclays Increases GVC (GVC) Price Target to GBX 1,070

GVC (LON:GVC) had its target price boosted by equities research analysts at Barclays from GBX 1,066 ($14.46) to GBX 1,070 ($14.51) in a report released on Friday. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 13.83% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank restated a “buy” rating and set a GBX 985 ($13.36) price objective on shares of GVC in a research report on Friday, November 3rd. Berenberg Bank restated a “buy” rating and set a GBX 960 ($13.02) price objective on shares of GVC in a research report on Wednesday, November 8th. Canaccord Genuity restated a “buy” rating and set a GBX 925 ($12.54) price objective on shares of GVC in a research report on Thursday, October 12th. Citigroup upgraded shares of GVC to a “buy” rating and set a GBX 1,090 ($14.78) price objective for the company in a research report on Friday, December 8th. Finally, Macquarie assumed coverage on shares of GVC in a research report on Wednesday, October 11th. They set a “neutral” rating and a GBX 865 ($11.73) price objective for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,010.27 ($13.70).

GVC (LON GVC) traded down GBX 15 ($0.20) during mid-day trading on Friday, reaching GBX 940 ($12.75). 6,300,517 shares of the company traded hands, compared to its average volume of 1,700,000. GVC has a 1 year low of GBX 586 ($7.95) and a 1 year high of GBX 996 ($13.51). The stock has a market cap of $2,850.00 and a P/E ratio of -4,947.37.

In other news, insider Norbert Teufelberger sold 400,000 shares of the stock in a transaction dated 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 stock in a transaction dated 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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About GVC

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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