GVC Holdings PLC (GVC) Receives Consensus Rating of “Buy” from Analysts

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GVC Holdings PLC (LON:GVC) has been given an average rating of “Buy” by the twelve analysts that are currently covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,115.83 ($14.58).

A number of research analysts recently weighed in on the company. Numis Securities reissued a “buy” rating on shares of GVC in a report on Wednesday, May 1st. Peel Hunt reissued a “buy” rating on shares of GVC in a report on Thursday, May 16th. Berenberg Bank reissued a “buy” rating and set a GBX 1,130 ($14.77) target price on shares of GVC in a report on Thursday, May 16th. Shore Capital reaffirmed a “buy” rating on shares of GVC in a report on Friday, April 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of GVC in a report on Tuesday, April 9th.

Shares of GVC stock traded up GBX 7.60 ($0.10) during trading on Friday, reaching GBX 596.60 ($7.80). 1,351,870 shares of the company’s stock were exchanged, compared to its average volume of 2,260,000. The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 64.09. The firm has a market capitalization of $3.43 billion and a PE ratio of -48.90. GVC has a twelve month low of GBX 504 ($6.59) and a twelve month high of GBX 1,184 ($15.47).

In related news, insider Virginia McDowell bought 7,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of GBX 543 ($7.10) per share, for a total transaction of £38,010 ($49,666.80). Also, insider Lee Feldman sold 900,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of GBX 666 ($8.70), for a total value of £5,994,000 ($7,832,222.66).

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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