GVC (LON:GVC) Price Target Cut to GBX 1,100 by Analysts at Berenberg Bank
GVC (LON:GVC) had its target price cut by Berenberg Bank from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) in a research note issued to investors on Wednesday, Digital Look reports. They currently have a buy rating on the stock.
Several other brokerages also recently weighed in on GVC. Numis Securities reissued a buy rating and issued a GBX 961 ($12.56) target price on shares of GVC in a research note on Wednesday, June 12th. Deutsche Bank reissued a buy rating on shares of GVC in a research note on Thursday, July 18th. Peel Hunt reissued a buy rating on shares of GVC in a research note on Friday, August 2nd. Jefferies Financial Group reissued a buy rating and issued a GBX 1,100 ($14.37) target price on shares of GVC in a research note on Monday, July 1st. Finally, Shore Capital reissued a buy rating on shares of GVC in a research note on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average price target of GBX 1,059.67 ($13.85).
Shares of GVC stock opened at GBX 566.60 ($7.40) on Wednesday. The firm has a 50-day moving average price of GBX 609.89 and a 200 day moving average price of GBX 614.36. GVC has a twelve month low of GBX 504 ($6.59) and a twelve month high of GBX 1,151 ($15.04). The company has a market capitalization of $3.30 billion and a price-to-earnings ratio of -46.44. The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 64.09.
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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