GVC Holdings PLC (LON:GVC) Receives Consensus Recommendation of “Buy” from Analysts

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GVC Holdings PLC (LON:GVC) has received an average recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,093.71 ($14.29).

A number of research firms recently weighed in on GVC. Morgan Stanley reissued an “overweight” rating on shares of GVC in a research report on Thursday, June 20th. Numis Securities reissued a “buy” rating and issued a GBX 961 ($12.56) price objective on shares of GVC in a research report on Wednesday, June 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,130 ($14.77) price objective on shares of GVC in a research report on Thursday, May 16th. Shore Capital reaffirmed a “buy” rating on shares of GVC in a research report on Thursday, May 16th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of GVC in a research report on Thursday, May 16th.

GVC stock traded up GBX 5 ($0.07) during midday trading on Wednesday, reaching GBX 627.60 ($8.20). The stock had a trading volume of 2,518,321 shares, compared to its average volume of 2,260,000. The company has a debt-to-equity ratio of 64.09, a quick ratio of 0.65 and a current ratio of 0.76. GVC has a 52-week low of GBX 504 ($6.59) and a 52-week high of GBX 1,184 ($15.47). The company has a market capitalization of $3.65 billion and a price-to-earnings ratio of -51.44. The stock has a fifty day simple moving average of GBX 610.96.

In other news, insider Virginia McDowell bought 7,000 shares of the stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of GBX 543 ($7.10) per share, for a total transaction of £38,010 ($49,666.80).

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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