GVC (GVC) Lifted to Buy at Numis Securities

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Numis Securities upgraded shares of GVC (LON:GVC) to a buy rating in a research report released on Tuesday morning. They currently have GBX 1,098 ($14.35) price target on the stock.

Several other research analysts also recently commented on the company. Barclays reduced their target price on GVC from GBX 1,210 ($15.81) to GBX 1,187 ($15.51) and set an overweight rating on the stock in a report on Monday, September 17th. HSBC boosted their target price on GVC from GBX 1,135 ($14.83) to GBX 1,285 ($16.79) and gave the stock a buy rating in a report on Wednesday, October 17th. Credit Suisse Group raised GVC to an outperform rating in a report on Tuesday, October 23rd. Shore Capital reissued a buy rating on shares of GVC in a report on Thursday, September 13th. Finally, Berenberg Bank reduced their target price on GVC from GBX 1,350 ($17.64) to GBX 1,300 ($16.99) and set a buy rating on the stock in a report on Tuesday, November 20th. Twelve research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of GBX 1,186.91 ($15.51).

LON GVC opened at GBX 726.50 ($9.49) on Tuesday. GVC has a 1-year low of GBX 705.50 ($9.22) and a 1-year high of GBX 996 ($13.01).

In other GVC news, insider Stephen Morana bought 14,759 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was bought at an average price of GBX 675 ($8.82) per share, for a total transaction of £99,623.25 ($130,175.42). Also, insider Jane Anscombe bought 3,763 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were acquired at an average price of GBX 930 ($12.15) per share, with a total value of £34,995.90 ($45,728.34).

About GVC

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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