Berenberg Bank Reiterates Buy Rating for GVC (LON:GVC)

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GVC (LON:GVC)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,130 ($14.77) price target on the stock. Berenberg Bank’s price target points to a potential upside of 88.33% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Shore Capital restated a “house stock” rating on shares of A.G. Barr in a research note on Thursday, May 16th. Peel Hunt restated a “buy” rating on shares of Lookers in a research note on Monday, July 8th. Barclays set a $46.00 price target on D. R. Horton and gave the company a “buy” rating in a research note on Friday, April 26th. Jefferies Financial Group cut their price target on Seres Therapeutics from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Monday, July 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of in a research note on Thursday, June 20th. Twelve research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of GBX 1,094.60 ($14.30).

GVC stock opened at GBX 600 ($7.84) on Friday. The company’s 50-day moving average price is GBX 625.81. The company has a market cap of $3.49 billion and a P/E ratio of -49.18. GVC has a 52-week low of GBX 504 ($6.59) and a 52-week high of GBX 1,184 ($15.47). The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 64.09.

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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Analyst Recommendations for GVC (LON:GVC)

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