Jefferies Financial Group Increases GVC (LON:GVC) Price Target to GBX 1,500

GVC (LON:GVC) had its price target increased by research analysts at Jefferies Financial Group from GBX 1,100 ($14.47) to GBX 1,500 ($19.73) in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 93.30% from the stock’s previous close.

Several other equities research analysts have also commented on GVC. Berenberg Bank boosted their price target on GVC from GBX 1,100 ($14.47) to GBX 1,200 ($15.79) and gave the stock a “buy” rating in a research note on Friday, January 17th. Deutsche Bank reissued a “buy” rating on shares of GVC in a research note on Monday, January 20th. UBS Group initiated coverage on GVC in a research note on Friday, January 17th. They set a “buy” rating and a GBX 1,075 ($14.14) price target on the stock. Peel Hunt reissued a “buy” rating on shares of GVC in a research note on Friday, February 21st. Finally, Barclays reissued an “overweight” rating on shares of GVC in a research note on Friday, February 21st. Fourteen equities research analysts have rated the stock with a buy rating, GVC has an average rating of “Buy” and an average price target of GBX 1,102.77 ($14.51).

Shares of LON:GVC opened at GBX 776 ($10.21) on Wednesday. The business’s 50 day simple moving average is GBX 885.32 and its 200-day simple moving average is GBX 807.28. The firm has a market capitalization of $4.74 billion and a price-to-earnings ratio of -25.28. The company has a debt-to-equity ratio of 79.61, a current ratio of 0.74 and a quick ratio of 0.69. GVC has a 12 month low of GBX 504 ($6.63) and a 12 month high of GBX 956.80 ($12.59).

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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Analyst Recommendations for GVC (LON:GVC)

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