GVC (GVC) Given Buy Rating at Numis Securities

Numis Securities reaffirmed their buy rating on shares of GVC (LON:GVC) in a research note released on Thursday morning.

Several other research firms have also issued reports on GVC. Shore Capital restated a buy rating on shares of GVC in a research report on Monday, July 30th. Peel Hunt restated a buy rating on shares of GVC in a research report on Monday, July 30th. Morgan Stanley assumed coverage on shares of GVC in a research report on Wednesday, August 29th. They issued an overweight rating and a GBX 1,330 ($17.32) price target on the stock. Canaccord Genuity raised their price target on shares of GVC from GBX 1,170 ($15.24) to GBX 1,250 ($16.28) and gave the stock a buy rating in a research report on Friday, July 13th. Finally, Berenberg Bank restated a buy rating and issued a GBX 1,370 ($17.85) price target on shares of GVC in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 1,187 ($15.46).

LON GVC traded down GBX 29.51 ($0.38) during midday trading on Thursday, hitting GBX 1,028.49 ($13.40). The company had a trading volume of 933,358 shares, compared to its average volume of 2,260,000. GVC has a fifty-two week low of GBX 705.50 ($9.19) and a fifty-two week high of GBX 996 ($12.97).

The firm also recently announced a dividend, which will be paid on Thursday, October 25th. Stockholders of record on Thursday, September 20th will be given a dividend of GBX 16 ($0.21) per share. This is a positive change from GVC’s previous dividend of $0.18. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, September 20th.

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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