GVC (LON:GVC) had its target price hoisted by Barclays from GBX 887 ($11.59) to GBX 900 ($11.76) in a report published on Friday, April 26th, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.
Several other research analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a buy rating on shares of GVC in a report on Tuesday, April 9th. Shore Capital reaffirmed a buy rating on shares of GVC in a report on Wednesday, February 27th. Morgan Stanley reaffirmed an overweight rating on shares of GVC in a report on Friday, February 8th. Berenberg Bank reissued a buy rating on shares of GVC in a research note on Friday, March 1st. Finally, Peel Hunt reissued a buy rating on shares of GVC in a research note on Thursday, January 3rd. Twelve equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of GBX 1,104.80 ($14.44).
Shares of GVC stock traded down GBX 0.20 ($0.00) during trading hours on Friday, hitting GBX 607 ($7.93). The company had a trading volume of 3,010,515 shares, compared to its average volume of 2,260,000. GVC has a 12 month low of GBX 504 ($6.59) and a 12 month high of GBX 1,184 ($15.47). The firm has a market cap of $3.53 billion and a P/E ratio of -49.75. The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 64.09.
The firm also recently declared a dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 14th were issued a dividend of GBX 16 ($0.21) per share. This represents a yield of 2.46%. The ex-dividend date of this dividend was Thursday, March 14th. GVC’s payout ratio is currently -2.62%.
In other news, insider Lee Feldman sold 900,000 shares of GVC stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of GBX 666 ($8.70), for a total value of £5,994,000 ($7,832,222.66). Also, insider Virginia McDowell purchased 7,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of GBX 543 ($7.10) per share, with a total value of £38,010 ($49,666.80).
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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