GVC Holdings PLC (LON:GVC) Receives GBX 1,077.78 Average PT from Brokerages
GVC Holdings PLC (LON:GVC) has received a consensus rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,082.22 ($14.14).
A number of research analysts have recently commented on GVC shares. Shore Capital reaffirmed a “buy” rating on shares of GVC in a research note on Thursday, July 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($14.37) price target on shares of GVC in a research report on Friday, August 21st. Royal Bank of Canada reiterated an “outperform” rating on shares of GVC in a report on Friday, July 17th. Morgan Stanley restated an “overweight” rating and set a GBX 1,100 ($14.37) price objective (up from GBX 1,000 ($13.07)) on shares of GVC in a report on Tuesday, May 19th. Finally, Goldman Sachs Group lifted their target price on GVC from GBX 975 ($12.74) to GBX 1,200 ($15.68) and gave the company a “buy” rating in a report on Monday, July 27th.
LON GVC traded up GBX 31 ($0.41) during trading hours on Friday, hitting GBX 916 ($11.97). 2,144,064 shares of the company’s stock were exchanged, compared to its average volume of 2,748,380. The business’s 50 day moving average is GBX 772.77 and its 200-day moving average is GBX 729.10. The company has a debt-to-equity ratio of 83.67, a quick ratio of 0.88 and a current ratio of 0.89. GVC has a 12-month low of GBX 292.70 ($3.82) and a 12-month high of GBX 956.80 ($12.50). The firm has a market capitalization of $5.36 billion and a P/E ratio of -34.18.
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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