GVC’s (GVC) Buy Rating Reiterated at Berenberg Bank

GVC (LON:GVC)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They currently have a GBX 1,130 ($14.77) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 86.10% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating on shares of GVC in a research report on Thursday. Numis Securities restated a “buy” rating on shares of GVC in a research report on Wednesday, May 1st. Shore Capital restated a “buy” rating on shares of GVC in a research report on Wednesday, February 27th. Jefferies Financial Group restated a “buy” rating on shares of GVC in a research report on Tuesday, April 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of GVC in a research report on Friday, February 8th. Twelve equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of GBX 1,104.80 ($14.44).

GVC traded down GBX 19.40 ($0.25) during trading on Thursday, hitting GBX 607.20 ($7.93). The stock had a trading volume of 2,330,110 shares, compared to its average volume of 2,260,000. The company has a debt-to-equity ratio of 64.09, a quick ratio of 0.65 and a current ratio of 0.76. The stock has a market capitalization of $3.53 billion and a P/E ratio of -49.77. GVC has a twelve month low of GBX 504 ($6.59) and a twelve month high of GBX 1,184 ($15.47).

In other news, insider Virginia McDowell bought 7,000 shares of GVC stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of GBX 543 ($7.10) per share, for a total transaction of £38,010 ($49,666.80). Also, insider Lee Feldman sold 900,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of GBX 666 ($8.70), for a total transaction of £5,994,000 ($7,832,222.66).

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.

Read More: What is net income?

Analyst Recommendations for GVC (LON:GVC)

Receive News & Ratings for GVC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GVC and related companies with MarketBeat.com's FREE daily email newsletter.