Canaccord Genuity Raises GVC Holdings PLC (GVC) Price Target to GBX 1,010
GVC Holdings PLC (LON:GVC) had its price objective hoisted by Canaccord Genuity from GBX 925 ($12.21) to GBX 1,010 ($13.33) in a research note released on Friday morning. Canaccord Genuity currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on GVC. Peel Hunt reaffirmed a buy rating and set a GBX 1,000 ($13.20) price target on shares of GVC Holdings PLC in a report on Thursday, July 6th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 975 ($12.87) price target on shares of GVC Holdings PLC in a report on Thursday, July 6th. Investec reaffirmed a buy rating and set a GBX 820 ($10.82) price target on shares of GVC Holdings PLC in a report on Thursday, July 6th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 870 ($11.48) price target on shares of GVC Holdings PLC in a report on Friday, September 1st. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 920 ($12.14) price target on shares of GVC Holdings PLC in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. GVC Holdings PLC currently has a consensus rating of Buy and a consensus target price of GBX 898.90 ($11.86).
Shares of GVC Holdings PLC (LON GVC) opened at GBX 905 ($11.94) on Friday.
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The business also recently disclosed a dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 21st were issued a dividend of €0.17 ($0.19) per share. This represents a yield of 1.73%. The ex-dividend date was Thursday, September 21st.
In other GVC Holdings PLC news, insider Norbert Teufelberger sold 69,254 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.14), for a total transaction of £584,503.76 ($771,316.65). Over the last three months, insiders have sold 842,857 shares of company stock valued at $752,944,913.
About GVC Holdings PLC
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.
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