Shore Capital Reiterates Buy Rating for GVC (LON:GVC)

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Shore Capital reiterated their buy rating on shares of GVC (LON:GVC) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

GVC has been the subject of a number of other research reports. Morgan Stanley reaffirmed an overweight rating on shares of GVC in a research note on Monday, July 15th. Berenberg Bank dropped their price target on GVC from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set a buy rating for the company in a research note on Wednesday, August 14th. Deutsche Bank reaffirmed a buy rating on shares of GVC in a research note on Thursday, July 18th. Barclays boosted their price target on GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Numis Securities reaffirmed a buy rating and issued a GBX 961 ($12.56) price target on shares of GVC in a research note on Wednesday, June 12th. Thirteen 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 1,059.67 ($13.85).

Shares of LON:GVC opened at GBX 576.64 ($7.53) on Thursday. GVC has a one year low of GBX 504 ($6.59) and a one year high of GBX 1,151 ($15.04). The company has a debt-to-equity ratio of 79.61, a quick ratio of 0.69 and a current ratio of 0.74. The stock has a market capitalization of $3.36 billion and a price-to-earnings ratio of -18.78. The company has a 50-day simple moving average of GBX 609.89 and a 200-day simple moving average of GBX 614.36.

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 22nd will be paid a GBX 17.60 ($0.23) dividend. This represents a yield of 3.23%. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from GVC’s previous dividend of $16.00. GVC’s payout ratio is -1.04%.

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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