Berenberg Bank Boosts GVC (GVC) Price Target to GBX 1,150

GVC (LON:GVC) had its price target raised by Berenberg Bank from GBX 960 ($12.84) to GBX 1,150 ($15.38) in a report published on Friday, December 8th. Berenberg Bank currently has a buy rating on the stock.

A number of other research firms have also issued reports on GVC. Canaccord Genuity lifted their target price on GVC from GBX 925 ($12.37) to GBX 1,010 ($13.50) and gave the stock a buy rating in a report on Friday, November 3rd. Deutsche Bank reaffirmed a buy rating and set a GBX 870 ($11.63) target price on shares of GVC in a report on Thursday, September 7th. Peel Hunt reaffirmed a buy rating and set a GBX 1,000 ($13.37) target price on shares of GVC in a report on Thursday, October 12th. Citigroup raised GVC to a buy rating and set a GBX 1,090 ($14.57) target price on the stock in a report on Friday, December 8th. Finally, Canaccord Genuity Group lifted their target price on GVC from GBX 925 ($12.37) to GBX 1,010 ($13.50) and gave the stock a buy rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 1,014.45 ($13.56).

Shares of GVC (LON:GVC) traded up GBX 19.50 ($0.26) on Friday, hitting GBX 944.50 ($12.63). The stock had a trading volume of 1,293,234 shares, compared to its average volume of 1,380,000. The firm has a market capitalization of $2,820.00 and a price-to-earnings ratio of -4,971.05. GVC has a 52 week low of GBX 586 ($7.84) and a 52 week high of GBX 992.50 ($13.27).

In other GVC news, insider Lee Feldman sold 488,782 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of GBX 903 ($12.07), for a total transaction of £4,413,701.46 ($5,901,459.37). Also, insider Norbert Teufelberger sold 400,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of GBX 952 ($12.73), for a total value of £3,808,000 ($5,091,589.78).

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About GVC

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.

Analyst Recommendations for GVC (LON:GVC)

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