Peel Hunt reiterated their buy rating on shares of GVC (LON:GVC) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently weighed in on GVC. Berenberg Bank dropped their price objective on shares of GVC from GBX 1,300 ($16.99) to GBX 1,100 ($14.37) and set a buy rating for the company in a report on Thursday, January 17th. Barclays dropped their price objective on shares of GVC from GBX 1,083 ($14.15) to GBX 887 ($11.59) and set an overweight rating for the company in a report on Tuesday, March 12th. Shore Capital restated a buy rating on shares of GVC in a report on Friday, April 5th. Morgan Stanley restated an overweight rating on shares of GVC in a report on Friday, February 8th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 1,100 ($14.37) price objective on shares of GVC in a report on Monday, February 4th. Twelve analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus price target of GBX 1,104.80 ($14.44).
Shares of GVC stock opened at GBX 626.60 ($8.19) on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 64.09. The company has a market capitalization of $3.65 billion and a P/E ratio of -51.36. GVC has a fifty-two week low of GBX 504 ($6.59) and a fifty-two week high of GBX 1,184 ($15.47).
The company also recently declared a dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 14th were paid a GBX 16 ($0.21) dividend. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.46%. GVC’s dividend payout ratio is currently -2.62%.
In related news, insider Lee Feldman sold 900,000 shares of GVC stock in a transaction that occurred 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). Also, insider Virginia McDowell purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of GBX 543 ($7.10) per share, with a total value of £38,010 ($49,666.80).
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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