Insider Buying: GVC Holdings PLC (GVC) Insider Acquires 3,763 Shares of Stock

GVC Holdings PLC (LON:GVC) insider Jane Anscombe acquired 3,763 shares of the stock in a transaction dated Tuesday, October 30th. The stock was bought at an average cost of GBX 930 ($12.15) per share, with a total value of £34,995.90 ($45,728.34).

Shares of GVC opened at GBX 937 ($12.24) on Thursday. GVC Holdings PLC has a 12 month low of GBX 705.50 ($9.22) and a 12 month high of GBX 996 ($13.01).

The firm also recently declared a dividend, which was paid on Thursday, October 25th. Investors of record on Thursday, September 20th were given a dividend of GBX 16 ($0.21) per share. This represents a dividend yield of 1.51%. This is an increase from GVC’s previous dividend of $0.18. The ex-dividend date was Thursday, September 20th.

Several analysts have recently commented on GVC shares. Goldman Sachs Group lowered their price objective on 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. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,250 ($16.33) price objective on shares of GVC in a research note on Monday. Shore Capital reissued a “buy” rating on shares of GVC in a research note on Thursday, September 13th. Peel Hunt reaffirmed a “buy” rating on shares of GVC in a research report on Tuesday, July 10th. Finally, Numis Securities reaffirmed a “buy” rating on shares of GVC in a research report on Thursday, September 13th. Fourteen investment analysts have rated the stock with a buy rating, GVC has a consensus rating of “Buy” and an average target price of GBX 1,199.31 ($15.67).

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.

Featured Article: Investing in Growth Stocks

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.

Leave a Reply