GVC (GVC) Price Target Increased to GBX 1,285 by Analysts at HSBC

GVC (LON:GVC) had its target price boosted by HSBC from GBX 1,135 ($14.83) to GBX 1,285 ($16.79) in a report published on Wednesday morning. They currently have a buy rating on the stock.

Several other research analysts have also commented on GVC. Peel Hunt reissued a buy rating on shares of GVC in a research report on Monday, June 25th. Canaccord Genuity boosted their price target on GVC from GBX 1,170 ($15.29) to GBX 1,250 ($16.33) and gave the stock a buy rating in a research report on Friday, July 13th. Shore Capital reissued a buy rating on shares of GVC in a research report on Wednesday, July 18th. Numis Securities boosted their price target on GVC from GBX 1,141 ($14.91) to GBX 1,376 ($17.98) and gave the stock a buy rating in a research report on Wednesday, July 18th. Finally, Berenberg Bank reissued a buy rating and issued a GBX 1,370 ($17.90) price target on shares of GVC in a research report on Tuesday, August 21st. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. GVC currently has an average rating of Buy and an average price target of GBX 1,226 ($16.02).

GVC opened at GBX 960 ($12.54) on Wednesday. GVC has a 12 month low of GBX 705.50 ($9.22) and a 12 month high of GBX 996 ($13.01).

The company also recently declared a dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, September 20th will be paid a dividend of GBX 16 ($0.21) per share. This represents a yield of 1.51%. The ex-dividend date is Thursday, September 20th. This is an increase from GVC’s previous dividend of $0.18.

In other GVC news, insider Lee Feldman sold 732,382 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of GBX 954 ($12.47), for a total transaction of £6,986,924.28 ($9,129,654.10).

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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