Barclays Lowers GVC (GVC) Price Target to GBX 1,180

GVC (LON:GVC) had its price target lowered by Barclays from GBX 1,185 ($15.48) to GBX 1,180 ($15.42) in a report published on Friday morning. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on GVC. Peel Hunt reissued a buy rating on shares of GVC in a research note on Tuesday, July 10th. Canaccord Genuity increased their price target on GVC from GBX 1,170 ($15.29) to GBX 1,250 ($16.33) and gave the stock a buy rating in a research note on Friday, July 13th. Shore Capital reissued a buy rating on shares of GVC in a research note on Wednesday, July 18th. Numis Securities increased their price target on GVC from GBX 1,141 ($14.91) to GBX 1,376 ($17.98) and gave the stock a buy rating in a research note on Wednesday, July 18th. Finally, Berenberg Bank reissued a buy rating and set a GBX 1,370 ($17.90) price target on shares of GVC in a research note on Tuesday, August 21st. Thirteen analysts have rated the stock with a buy rating, GVC currently has an average rating of Buy and an average target price of GBX 1,214.50 ($15.87).

Shares of GVC stock opened at GBX 937 ($12.24) on Friday. GVC has a fifty-two week low of GBX 705.50 ($9.22) and a fifty-two week high of GBX 996 ($13.01).

The company also recently announced a dividend, which was paid on Thursday, October 25th. Investors of record on Thursday, September 20th were given a GBX 16 ($0.21) dividend. This is a positive change from GVC’s previous dividend of $0.18. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, September 20th.

In related news, insider Lee Feldman sold 732,382 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of GBX 954 ($12.47), for a total value of £6,986,924.28 ($9,129,654.10). Also, insider Jane Anscombe bought 3,763 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average cost of GBX 930 ($12.15) per share, for a total transaction of £34,995.90 ($45,728.34).

GVC Company Profile

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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