GVC (LON:GVC) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of GVC (LON:GVC) in a report published on Wednesday morning, Digital Look reports. The firm currently has a GBX 1,100 ($14.37) price target on the stock.

Several other research firms have also recently weighed in on GVC. Barclays upped their price target on shares of GVC from GBX 900 ($11.76) to GBX 913 ($11.93) and gave the company an overweight rating in a report on Tuesday, September 10th. Morgan Stanley reduced their price target on shares of GVC from GBX 1,040 ($13.59) to GBX 1,015 ($13.26) and set an overweight rating for the company in a report on Thursday, September 12th. Peel Hunt reiterated a buy rating on shares of GVC in a report on Monday, October 7th. Numis Securities reiterated a buy rating and issued a GBX 961 ($12.56) price target on shares of GVC in a report on Wednesday, June 12th. Finally, Shore Capital reiterated a buy rating on shares of GVC in a report on Wednesday. Fourteen analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of GBX 1,048.38 ($13.70).

GVC stock opened at GBX 843.60 ($11.02) on Wednesday. The stock has a market capitalization of $4.77 billion and a PE ratio of -27.48. GVC has a twelve month low of GBX 504 ($6.59) and a twelve month high of GBX 973 ($12.71). The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 79.61. The company has a 50 day moving average of GBX 693.94 and a 200-day moving average of GBX 629.63.

The firm also recently announced a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 22nd were issued a dividend of GBX 17.60 ($0.23) per share. This is a boost from GVC’s previous dividend of $16.00. The ex-dividend date was Thursday, August 22nd. This represents a yield of 3.23%. GVC’s dividend payout ratio is presently -1.11%.

In other GVC news, insider Peter Isola bought 16,800 shares of GVC stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of GBX 588 ($7.68) per share, for a total transaction of £98,784 ($129,078.79).

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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