GVC Holdings PLC (GVC) Reaches New 52-Week High at $866.50

Shares of GVC Holdings PLC (LON:GVC) reached a new 52-week high on Tuesday . The stock traded as high as GBX 866.50 ($11.39) and last traded at GBX 853.50 ($11.22), with a volume of 660,376 shares traded. The stock had previously closed at GBX 859.50 ($11.30).

Several analysts recently weighed in on the company. Canaccord Genuity upped their price target on GVC Holdings PLC from GBX 850 ($11.18) to GBX 925 ($12.16) and gave the stock a “buy” rating in a research note on Friday, September 15th. Berenberg Bank restated a “buy” rating and issued a GBX 920 ($12.10) price target on shares of GVC Holdings PLC in a research note on Friday, September 1st. Numis Securities Ltd restated a “buy” rating and issued a GBX 985 ($12.95) price target on shares of GVC Holdings PLC in a research note on Thursday, September 14th. Deutsche Bank AG restated a “buy” rating and issued a GBX 870 ($11.44) price target on shares of GVC Holdings PLC in a research note on Friday, September 1st. Finally, Macquarie assumed coverage on GVC Holdings PLC in a research note on Wednesday. They issued a “neutral” rating and a GBX 865 ($11.37) price target on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 890.40 ($11.71).

The firm’s market cap is GBX 2.57 billion. The company’s 50 day moving average is GBX 813.23 and its 200 day moving average is GBX 774.95.

The company also recently declared a dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 21st will be issued a €0.17 ($0.19) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 21st.

In other GVC Holdings PLC news, insider Norbert Teufelberger sold 69,254 shares of GVC Holdings PLC stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.10), for a total value of £584,503.76 ($768,477.20). Insiders sold 442,857 shares of company stock worth $372,144,913 over the last ninety days.

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GVC Holdings PLC Company Profile

GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.

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