Peel Hunt reaffirmed their buy rating on shares of GVC (LON:GVC) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently commented on GVC. Morgan Stanley dropped their target price on shares of GVC from GBX 1,040 ($13.59) to GBX 1,015 ($13.26) and set an overweight rating on the stock in a report on Thursday, September 12th. Numis Securities reiterated a buy rating and issued a GBX 961 ($12.56) target price on shares of GVC in a report on Wednesday, June 12th. Peel Hunt reiterated a buy rating and issued a GBX 900 ($11.76) target price on shares of GVC in a report on Thursday, August 15th. Deutsche Bank reiterated a buy rating and issued a GBX 910 ($11.89) target price on shares of GVC in a report on Thursday, August 15th. Finally, Jefferies Financial Group reiterated a buy rating and issued a GBX 1,100 ($14.37) target price on shares of GVC in a report on Monday, July 1st. Thirteen research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of GBX 1,038.67 ($13.57).
LON GVC opened at GBX 727.40 ($9.50) on Friday. The company has a debt-to-equity ratio of 79.61, a current ratio of 0.74 and a quick ratio of 0.69. The company’s 50 day simple moving average is GBX 619.68 and its 200 day simple moving average is GBX 615.12. GVC has a 12 month low of GBX 504 ($6.59) and a 12 month high of GBX 994 ($12.99). The company has a market capitalization of $4.23 billion and a P/E ratio of -23.69.
The company also recently announced a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd will be given a GBX 17.60 ($0.23) dividend. This is an increase from GVC’s previous dividend of $16.00. This represents a dividend yield of 3.23%. The ex-dividend date is Thursday, August 22nd. GVC’s dividend payout ratio (DPR) is -1.11%.
In other news, insider Peter Isola bought 16,800 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of GBX 588 ($7.68) per share, with a total value of £98,784 ($129,078.79).
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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