GVC (GVC) Upgraded by Numis Securities to Buy

Numis Securities upgraded shares of GVC (LON:GVC) to a buy rating in a research report sent to investors on Tuesday morning. They currently have GBX 1,098 ($14.35) price objective on the stock.

Several other research firms have also commented on GVC. Barclays lowered their price target on shares of GVC from GBX 1,185 ($15.48) to GBX 1,180 ($15.42) and set an overweight rating for the company in a research report on Friday, November 2nd. Goldman Sachs Group dropped their price objective on GVC from GBX 1,195 ($15.61) to GBX 1,150 ($15.03) and set a buy rating on the stock in a report on Wednesday, October 31st. Peel Hunt restated a buy rating on shares of GVC in a research note on Thursday, January 3rd. Morgan Stanley reissued an overweight rating and set a GBX 1,280 ($16.73) price objective (down from GBX 1,330 ($17.38)) on shares of GVC in a report on Monday, January 7th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 1,250 ($16.33) price objective on shares of GVC in a research report on Monday, October 29th. Twelve analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of GBX 1,186.91 ($15.51).

LON:GVC opened at GBX 719.50 ($9.40) on Tuesday. GVC has a 1-year low of GBX 705.50 ($9.22) and a 1-year high of GBX 996 ($13.01).

In other GVC news, insider Jane Anscombe bought 3,763 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was bought at an average cost of GBX 930 ($12.15) per share, for a total transaction of £34,995.90 ($45,728.34). Also, insider Stephen Morana acquired 14,759 shares of the firm’s stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of GBX 675 ($8.82) per share, with a total value of £99,623.25 ($130,175.42).

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.

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Analyst Recommendations for GVC (LON:GVC)

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