Barclays Boosts GVC (LON:GVC) Price Target to GBX 913

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GVC (LON:GVC) had its price target increased by research analysts at Barclays from GBX 900 ($11.76) to GBX 913 ($11.93) in a research report issued to clients and investors on Tuesday, Digital Look reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 28.70% from the stock’s current price.

Several other brokerages also recently commented on GVC. Peel Hunt reissued a “buy” rating and issued a GBX 900 ($11.76) price objective on shares of GVC in a research note on Thursday, August 15th. Deutsche Bank reissued a “buy” rating and issued a GBX 910 ($11.89) price objective on shares of GVC in a research note on Thursday, August 15th. Peel Hunt reissued a “buy” rating and issued a GBX 900 ($11.76) price objective on shares of GVC in a research note on Thursday, August 15th. Berenberg Bank dropped their price objective on shares of GVC from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 961 ($12.56) price objective on shares of GVC in a research note on Wednesday, June 12th. Thirteen analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,038.67 ($13.57).

Shares of LON:GVC opened at GBX 709.40 ($9.27) on Tuesday. The company has a market cap of $4.14 billion and a price-to-earnings ratio of -23.11. 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 firm has a 50 day simple moving average of GBX 604.44 and a 200 day simple moving average of GBX 611.52. GVC has a one year low of GBX 504 ($6.59) and a one year high of GBX 1,114 ($14.56).

In other GVC news, insider Peter Isola purchased 16,800 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of GBX 588 ($7.68) per share, for a total transaction of £98,784 ($129,078.79).

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.

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Analyst Recommendations for GVC (LON:GVC)

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