GVC Holdings PLC (LON:GVC) hit a new 52-week high on Wednesday . The company traded as high as GBX 954 ($12.59) and last traded at GBX 947 ($12.50), with a volume of 1,386,837 shares trading hands. The stock had previously closed at GBX 937.50 ($12.37).
A number of equities research analysts recently weighed in on the stock. Numis Securities Ltd reissued a “buy” rating and issued a GBX 985 ($13.00) price target on shares of GVC Holdings PLC in a research report on Thursday, September 14th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 ($13.20) target price on shares of GVC Holdings PLC in a report on Thursday, July 6th. Deutsche Bank AG upped their target price on shares of GVC Holdings PLC from GBX 870 ($11.48) to GBX 985 ($13.00) and gave the company a “buy” rating in a report on Tuesday, September 19th. Canaccord Genuity increased their price target on shares of GVC Holdings PLC from GBX 850 ($11.22) to GBX 925 ($12.21) and gave the stock a “buy” rating in a report on Friday, September 15th. Finally, Investec reissued a “buy” rating and set a GBX 820 ($10.82) price target on shares of GVC Holdings PLC in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 890.40 ($11.75).
The company’s 50-day moving average is GBX 871.12 and its 200-day moving average is GBX 794.53. The firm’s market capitalization is GBX 2.80 billion.
The firm also recently declared a dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 21st were issued a €0.17 ($0.19) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 21st.
In related news, insider Norbert Teufelberger sold 142,857 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of GBX 831 ($10.97), for a total transaction of £1,187,141.67 ($1,566,563.30). In the last quarter, insiders have sold 442,857 shares of company stock worth $372,144,913.
GVC Holdings PLC Company Profile
GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.
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