HSBC Cuts GVC (LON:GVC) Price Target to GBX 800

GVC (LON:GVC) had its price target lowered by HSBC from GBX 1,150 ($15.13) to GBX 800 ($10.52) in a research note released on Monday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Deutsche Bank reissued a buy rating and issued a GBX 1,125 ($14.80) price target on shares of GVC in a research note on Friday, March 6th. Barclays reissued an overweight rating on shares of GVC in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of GVC from GBX 1,040 ($13.68) to GBX 1,100 ($14.47) and gave the stock an overweight rating in a research note on Thursday, January 23rd. UBS Group reissued a buy rating on shares of GVC in a research note on Monday, March 2nd. Finally, Peel Hunt reissued a buy rating on shares of GVC in a research note on Monday, March 16th. Fourteen analysts have rated the stock with a buy rating, GVC currently has a consensus rating of Buy and an average target price of GBX 1,058.54 ($13.92).

GVC stock opened at GBX 475.85 ($6.26) on Monday. GVC has a 1 year low of GBX 437.40 ($5.75) and a 1 year high of GBX 956.80 ($12.59). The company has a market cap of $2.85 billion and a P/E ratio of -18.02. The firm has a 50-day moving average of GBX 708.66 and a 200 day moving average of GBX 806.26. The company has a debt-to-equity ratio of 86.82, a current ratio of 0.73 and a quick ratio of 0.70.

The firm also recently announced a dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, March 12th will be paid a dividend of GBX 17.60 ($0.23) per share. This represents a dividend yield of 2.23%. The ex-dividend date is Thursday, March 12th. GVC’s dividend payout ratio is -1.33%.

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.

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