Deutsche Bank reaffirmed their buy rating on shares of GVC (LON:GVC) in a research report report published on Monday. Deutsche Bank currently has a GBX 1,300 ($18.37) target price on the stock, up from their previous target price of GBX 985 ($13.92).
Several other equities research analysts have also commented on GVC. Barclays raised their price target on shares of GVC from GBX 1,120 ($15.83) to GBX 1,210 ($17.10) and gave the company an overweight rating in a research note on Tuesday, April 3rd. Canaccord Genuity restated a buy rating and issued a GBX 1,070 ($15.12) price target on shares of GVC in a research note on Tuesday, March 13th. Berenberg Bank restated a buy rating and issued a GBX 1,200 ($16.96) price target on shares of GVC in a research note on Thursday, March 15th. Finally, Peel Hunt restated a buy rating and issued a GBX 1,200 ($16.96) price target on shares of GVC in a research note on Monday, March 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 1,070.73 ($15.13).
Shares of LON:GVC opened at GBX 928 ($13.12) on Monday. GVC has a 52 week low of GBX 705.50 ($9.97) and a 52 week high of GBX 996 ($14.08).
The company also recently declared a dividend, which will be paid on Thursday, May 3rd. Shareholders of record on Thursday, March 22nd will be paid a €0.18 ($0.22) dividend. The ex-dividend date is Thursday, March 22nd. This represents a dividend yield of 1.62%. This is a positive change from GVC’s previous dividend of $0.17.
In related news, insider Lee Feldman sold 369,125 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 903 ($12.76), for a total transaction of £3,333,198.75 ($4,711,234.98).
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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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