Shore Capital Initiates Coverage on GVC (GVC)

Investment analysts at Shore Capital began coverage on shares of GVC (LON:GVC) in a research report issued on Friday. The brokerage set a “buy” rating and a GBX 983 ($13.19) price target on the stock. Shore Capital’s price objective points to a potential downside of 4.19% from the stock’s previous close.

A number of other research firms also recently issued reports on GVC. Berenberg Bank raised their price objective on shares of GVC from GBX 1,070 ($14.36) to GBX 1,200 ($16.10) and gave the stock a “buy” rating in a report on Thursday, February 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 1,200 ($16.10) target price on shares of GVC in a research note on Friday, March 9th. Numis Securities reiterated a “buy” rating and issued a GBX 1,141 ($15.31) target price on shares of GVC in a research note on Wednesday, April 18th. HSBC initiated coverage on shares of GVC in a research note on Monday, April 9th. They issued a “hold” rating and a GBX 880 ($11.81) target price for the company. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,070 ($14.36) target price on shares of GVC in a research note on Tuesday, March 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 1,064.08 ($14.28).

GVC opened at GBX 1,026 ($13.77) on Friday, according to MarketBeat.com. GVC has a 52-week low of GBX 705.50 ($9.47) and a 52-week high of GBX 996 ($13.36).

In other 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 ($12.12), for a total value of £3,333,198.75 ($4,472,291.36).

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.

Analyst Recommendations for GVC (LON:GVC)

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