GVC (LON:GVC) Price Target Raised to GBX 1,200 at Berenberg Bank
GVC (LON:GVC) had its price objective upped by Berenberg Bank from GBX 1,100 ($14.47) to GBX 1,200 ($15.79) in a research note released on Friday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. HSBC increased their price target on shares of GVC from GBX 910 ($11.97) to GBX 1,070 ($14.08) and gave the company a buy rating in a research note on Monday, October 28th. Shore Capital reaffirmed a buy rating on shares of GVC in a research report on Wednesday, October 9th. Royal Bank of Canada began coverage on shares of GVC in a research report on Monday, October 28th. They set an outperform rating and a GBX 1,060 ($13.94) price objective for the company. Peel Hunt reaffirmed a buy rating on shares of GVC in a research report on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of GVC in a research report on Friday, October 11th. They set an overweight rating and a GBX 1,040 ($13.68) price objective for the company. Thirteen research analysts have rated the stock with a buy rating, GVC presently has a consensus rating of Buy and a consensus price target of GBX 1,053.83 ($13.86).
GVC stock opened at GBX 911.40 ($11.99) on Friday. The firm has a 50 day simple moving average of GBX 886.08 and a 200-day simple moving average of GBX 760.31. GVC has a 1-year low of GBX 504 ($6.63) and a 1-year high of GBX 956.80 ($12.59). The company has a debt-to-equity ratio of 79.61, a current ratio of 0.74 and a quick ratio of 0.69. The stock has a market cap of $5.31 billion and a price-to-earnings ratio of -29.69.
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.
Featured Story: Penny Stocks, What You Need To Know
Receive News & Ratings for GVC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GVC and related companies with MarketBeat.com's FREE daily email newsletter.