Berenberg Bank reaffirmed their buy rating on shares of GVC (LON:GVC) in a report released on Thursday, March 15th. Berenberg Bank currently has a GBX 1,200 ($16.84) price target on the stock.
GVC has been the subject of several other research reports. Barclays raised their price objective on shares of GVC from GBX 1,070 ($15.02) to GBX 1,120 ($15.72) and gave the company an overweight rating in a research note on Monday, March 12th. Canaccord Genuity restated a buy rating and issued a GBX 1,070 ($15.02) target price on shares of GVC in a report on Tuesday, March 13th. Peel Hunt restated a buy rating and issued a GBX 1,200 ($16.84) target price on shares of GVC in a report on Friday, March 9th. Citigroup upgraded shares of GVC to a buy rating and set a GBX 1,090 ($15.30) price objective for the company in a research note on Friday, December 8th. Finally, Numis Securities reiterated a buy rating and set a GBX 1,133 ($15.90) price objective on shares of GVC in a research note on Monday, December 18th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. GVC currently has an average rating of Buy and an average price target of GBX 1,058.30 ($14.86).
Shares of GVC stock traded down GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 908 ($12.75). The stock had a trading volume of 1,508,222 shares, compared to its average volume of 2,260,000. GVC has a fifty-two week low of GBX 705.50 ($9.90) and a fifty-two week high of GBX 996 ($13.98).
The company also recently announced a dividend, which will be paid on Thursday, May 3rd. Stockholders of record on Thursday, March 22nd will be given a dividend of €0.18 ($0.22) per share. This is a boost from GVC’s previous dividend of $0.17. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 22nd.
In other news, insider Lee Feldman sold 369,125 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of GBX 903 ($12.68), for a total transaction of £3,333,198.75 ($4,678,830.36).
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GVC Company Profile
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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