Shore Capital Reiterates Buy Rating for GVC (LON:GVC)

Shore Capital reissued their buy rating on shares of GVC (LON:GVC) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

GVC has been the topic of several other reports. Deutsche Bank reissued a buy rating on shares of GVC in a research note on Thursday, July 18th. Barclays boosted their price target on GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the company an overweight rating in a research note on Friday, April 26th. Berenberg Bank dropped their price target on GVC from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set a buy rating on the stock in a research note on Wednesday, August 14th. Peel Hunt reissued a buy rating on shares of GVC in a research note on Friday, August 2nd. Finally, Morgan Stanley reissued an overweight rating on shares of GVC in a research note on Monday, July 15th. Thirteen equities research analysts have rated the stock with a buy rating, GVC currently has an average rating of Buy and a consensus target price of GBX 1,059.67 ($13.85).

Shares of GVC opened at GBX 576.64 ($7.53) on Thursday. GVC has a 52-week low of GBX 504 ($6.59) and a 52-week high of GBX 1,151 ($15.04). 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 business’s 50 day moving average price is GBX 609.89 and its two-hundred day moving average price is GBX 614.36. The firm has a market cap of $3.36 billion and a PE ratio of -18.78.

The company also recently announced a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 17.60 ($0.23) per share. This represents a dividend yield of 3.23%. This is a positive change from GVC’s previous dividend of $16.00. The ex-dividend date is Thursday, August 22nd. GVC’s dividend payout ratio is presently -1.04%.

About 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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Analyst Recommendations for GVC (LON:GVC)

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