Peel Hunt reiterated their buy rating on shares of GVC (LON:GVC) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
GVC has been the topic of several other research reports. Barclays lifted their target price on shares of GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the company an overweight rating in a report on Friday, April 26th. Berenberg Bank reduced 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 research note on Thursday, January 17th. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,100 ($14.37) price objective on shares of GVC in a research note on Monday, February 4th. Morgan Stanley reiterated an overweight rating on shares of GVC in a research note on Friday, February 8th. Finally, Shore Capital reiterated a buy rating on shares of GVC in a research note on Thursday, January 17th. Twelve investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of GBX 1,104.80 ($14.44).
Shares of LON:GVC opened at GBX 620 ($8.10) on Thursday. The stock has a market capitalization of $3.65 billion and a PE ratio of -50.82. The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 64.09. 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 business also recently disclosed a dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 14th were paid a GBX 16 ($0.21) dividend. This represents a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, March 14th. GVC’s dividend payout ratio (DPR) is -2.62%.
In other GVC news, insider Virginia McDowell bought 7,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was bought at an average price 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 GVC stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of GBX 666 ($8.70), for a total transaction of £5,994,000 ($7,832,222.66).
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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