Berenberg Bank Reaffirms Buy Rating for GVC (GVC)

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GVC (LON:GVC)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,370 ($17.51) target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 25.46% from the stock’s previous close.

GVC has been the topic of several other reports. Shore Capital assumed coverage on GVC in a report on Tuesday, May 8th. They set a “buy” rating and a GBX 871 ($11.13) target price on the stock. Numis Securities reissued a “buy” rating and issued a GBX 1,141 ($14.59) price objective on shares of GVC in a research note on Friday, May 25th. Credit Suisse Group reissued a “neutral” rating on shares of GVC in a research note on Monday, April 30th. Finally, Peel Hunt reissued a “buy” rating on shares of GVC in a research note on Wednesday, July 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,162.64 ($14.86).

GVC traded down GBX 13 ($0.17) during midday trading on Tuesday, hitting GBX 1,092 ($13.96). 1,649,284 shares of the company were exchanged, compared to its average volume of 2,260,000. GVC has a 1-year low of GBX 705.50 ($9.02) and a 1-year high of GBX 996 ($12.73).

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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