Insider Selling: GVC Holdings PLC (LON:GVC) Insider Sells 488,782 Shares of Stock

GVC Holdings PLC (LON:GVC) insider Lee Feldman sold 488,782 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($11.88), for a total transaction of £4,413,701.46 ($5,805,210.39).

Shares of GVC Holdings PLC (LON:GVC) opened at GBX 919.50 ($12.09) on Friday. GVC Holdings PLC has a 12-month low of GBX 586 ($7.71) and a 12-month high of GBX 962 ($12.65).

The firm also recently disclosed a dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, September 21st were issued a €0.17 ($0.19) dividend. This represents a dividend yield of 1.73%. The ex-dividend date was Thursday, September 21st.

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A number of equities analysts have commented on GVC shares. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 985 ($12.96) target price on shares of GVC Holdings PLC in a research note on Friday, November 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 960 ($12.63) target price on shares of GVC Holdings PLC in a research note on Wednesday, November 8th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 925 ($12.17) target price on shares of GVC Holdings PLC in a research note on Thursday, October 12th. Macquarie started coverage on shares of GVC Holdings PLC in a research note on Wednesday, October 11th. They set a “neutral” rating and a GBX 865 ($11.38) target price on the stock. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,000 ($13.15) target price on shares of GVC Holdings PLC in a research note on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. GVC Holdings PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 912.64 ($12.00).

About GVC Holdings PLC

GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.

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