GVC (GVC) Shares Rating Restated by Morgan Stanley

GVC (GVC) Shares Rating Restated by Morgan Stanley

GVC (LON:GVC)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research report issued on Friday.

A number of other brokerages also recently commented on GVC. Barclays lowered their target price 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 note on Friday, November 2nd. Goldman Sachs Group lowered their target price on shares of GVC from GBX 1,195 ($15.61) to GBX 1,150 ($15.03) and set a “buy” rating for the company in a research note on Wednesday, October 31st. Credit Suisse Group lowered their target price on shares of GVC from GBX 1,200 ($15.68) to GBX 1,080 ($14.11) and set an “outperform” rating for the company in a research note on Tuesday, October 30th. Berenberg Bank lowered their target price on shares of GVC from GBX 1,400 ($18.29) to GBX 1,350 ($17.64) and set a “buy” rating for the company in a research note on Friday, October 12th. Finally, HSBC boosted their target price on shares of GVC from GBX 1,135 ($14.83) to GBX 1,285 ($16.79) and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Thirteen research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,150.75 ($15.04).

Shares of GVC stock opened at GBX 647.50 ($8.46) on Friday. GVC has a 12 month low of GBX 705.50 ($9.22) and a 12 month high of GBX 996 ($13.01).

In other news, insider Stephen Morana bought 14,759 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average price of GBX 675 ($8.82) per share, for a total transaction 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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