The GVC Holdings PLC (GVC) Sets New 52-Week High at $918.50

The GVC Holdings PLC (GVC) Sets New 52-Week High at $918.50

GVC Holdings PLC (LON:GVC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 918.50 ($12.12) and last traded at GBX 909 ($12.00), with a volume of 823,461 shares. The stock had previously closed at GBX 912.50 ($12.04).

Several research analysts recently issued reports on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 925 ($12.21) price objective on shares of GVC Holdings PLC in a report on Thursday, October 12th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 ($13.20) price objective on shares of GVC Holdings PLC in a report on Thursday, October 12th. Macquarie assumed coverage on shares of GVC Holdings PLC in a report on Wednesday, October 11th. They issued a “neutral” rating and a GBX 865 ($11.41) price objective for the company. Deutsche Bank AG lifted their price objective 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. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 985 ($13.00) price objective on shares of GVC Holdings PLC in a report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. GVC Holdings PLC presently has a consensus rating of “Buy” and an average price target of GBX 890.40 ($11.75).

The company has a 50-day moving average price of GBX 851.45 and a 200 day moving average price of GBX 787.36. The stock’s market cap is GBX 2.69 billion.

The firm also recently declared a dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, September 21st were issued a dividend of €0.17 ($0.19) per share. The ex-dividend date was Thursday, September 21st. This represents a dividend yield of 1.73%.

In related news, insider Norbert Teufelberger sold 142,857 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of GBX 831 ($10.97), for a total value of £1,187,141.67 ($1,566,563.30). Insiders sold 442,857 shares of company stock valued at $372,144,913 over the last 90 days.

About GVC Holdings PLC

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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