GVC Holdings PLC (LON:GVC) Insider Purchases £103,220 in Stock

GVC Holdings PLC (LON:GVC) insider J M. Barry Gibson acquired 13,000 shares of GVC stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average price of GBX 794 ($10.38) per share, with a total value of £103,220 ($134,875.21).

GVC stock opened at GBX 802.40 ($10.48) on Thursday. The firm has a 50 day moving average of GBX 808.12 and a 200-day moving average of GBX 668.30. GVC Holdings PLC has a 12-month low of GBX 504 ($6.59) and a 12-month high of GBX 973 ($12.71). The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 79.61. The company has a market cap of $4.66 billion and a price-to-earnings ratio of -26.14.

A number of brokerages recently commented on GVC. HSBC raised their price objective on shares of GVC from GBX 910 ($11.89) to GBX 1,070 ($13.98) and gave the company a “buy” rating in a research report on Monday, October 28th. Shore Capital restated a “buy” rating on shares of GVC in a research report on Wednesday, October 9th. Berenberg Bank restated a “buy” rating and issued a GBX 1,100 ($14.37) price objective on shares of GVC in a research report on Wednesday, October 9th. Peel Hunt restated a “buy” rating and issued a GBX 900 ($11.76) price objective on shares of GVC in a research report on Thursday, August 15th. Finally, Morgan Stanley reduced their price objective on shares of GVC from GBX 1,040 ($13.59) to GBX 1,015 ($13.26) and set an “overweight” rating for the company in a research report on Thursday, September 12th. Fourteen analysts have rated the stock with a buy rating, GVC presently has an average rating of “Buy” and a consensus target price of GBX 1,040.85 ($13.60).

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.

Further Reading: Oversold

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.