Shares of GVC Holdings PLC (LON:GVC) have been given an average recommendation of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,039.60 ($13.68).
GVC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on GVC in a research report on Friday, October 11th. They set an “overweight” rating and a GBX 1,040 ($13.68) target price on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($14.47) target price on shares of GVC in a research report on Wednesday, October 9th. Barclays boosted their target price on GVC from GBX 913 ($12.01) to GBX 1,050 ($13.81) and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Shore Capital reiterated a “buy” rating on shares of GVC in a report on Wednesday, October 9th. Finally, HSBC lifted their price target on GVC from GBX 910 ($11.97) to GBX 1,070 ($14.08) and gave the company a “buy” rating in a report on Monday, October 28th.
In other GVC news, insider J M. Barry Gibson purchased 13,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of GBX 794 ($10.44) per share, for a total transaction of £103,220 ($135,780.06).
GVC Company Profile
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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