GVC (GVC) PT Lowered to GBX 1,083 at Barclays

GVC (LON:GVC) had its price objective cut by investment analysts at Barclays from GBX 1,180 ($15.42) to GBX 1,083 ($14.15) in a research report issued to clients and investors on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 54.05% from the company’s current price.

GVC has been the topic of several other reports. Canaccord Genuity decreased their price target on shares of GVC from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a “buy” rating on the stock in a research note on Monday, November 19th. Credit Suisse Group raised shares of GVC to an “outperform” rating in a research note on Tuesday, October 23rd. HSBC lifted their price target on shares of GVC from GBX 1,135 ($14.83) to GBX 1,285 ($16.79) and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Berenberg Bank decreased their price target on shares of GVC from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) and set a “buy” rating on the stock in a research note on Friday, October 12th. Finally, Peel Hunt reissued a “buy” rating on shares of GVC in a research note on Wednesday, October 3rd. Twelve equities research analysts have rated the stock with a buy rating, GVC has an average rating of “Buy” and an average target price of GBX 1,173.55 ($15.33).

Shares of GVC opened at GBX 703 ($9.19) on Monday. GVC has a 1-year low of GBX 705.50 ($9.22) and a 1-year high of GBX 996 ($13.01).

In other GVC news, insider Jane Anscombe bought 3,763 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of GBX 930 ($12.15) per share, for a total transaction of £34,995.90 ($45,728.34). Also, insider Stephen Morana bought 14,759 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were acquired at an average price of GBX 675 ($8.82) per share, for a total transaction of £99,623.25 ($130,175.42).

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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