GVC Holdings (GVC)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

720.20p
   
  • Change Today:
    -4.80p
  • 52 Week High: 1,031.00
  • 52 Week Low: 507.50
  • Currency: UK Pounds
  • Shares Issued: 581.92m
  • Volume: 1,063,920
  • Market Cap: £4,190.99m
  • RiskGrade: 146
  • Beta: 0.00

Berenberg reiterates 'buy' rating on GVC following 'strong' trading update

By Iain Gilbert

Date: Wednesday 14 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and slightly lowered their target price on gaming giant GVC Holdings from 1,130p to 1,100p on Wednesday, but said following the group's "recent strong trading update" it was envisaging "numbers that meet expectations" when the company reported the next day.
Berenberg noted that despite the group's "continued strong operational performance", share price growth had been "disappointing" year-to-date and in its view, "remain hugely undervalued".

"We continue to believe the shares do not reflect GVC's current gains in market share, superior geographic diversification and brand strength across these geographies," said Berenberg.

The German bank acknowledged that regulatory concerns remained, but said that relative to peers the positive features were "excessively discounted".

Berenberg valued GVC using a discounted cash flow methodology, blending it with a trough price-to-earnings multiple in the event of a recession to arrive at its new target price.

"On multiples, GVC trades on 5.5x EV/EBITDA 2020E and 7.5x P/E. This marks a discount to peers and its historical average."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GVC Holdings Market Data

Currency UK Pounds
Share Price 720.20p
Change Today -4.80p
% Change -0.66 %
52 Week High 1,031.00
52 Week Low 507.50
Volume 1,063,920
Shares Issued 581.92m
Market Cap £4,190.99m
Beta 0.00
RiskGrade 146

GVC Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.76% above the market average45.76% above the market average45.76% above the market average45.76% above the market average45.76% above the market average
44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average
Price Trend
3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average
1.27% above the sector average1.27% above the sector average1.27% above the sector average1.27% above the sector average1.27% above the sector average
Income
71.07% above the market average71.07% above the market average71.07% above the market average71.07% above the market average71.07% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Growth
88.56% above the market average88.56% above the market average88.56% above the market average88.56% above the market average88.56% above the market average
92.21% above the sector average92.21% above the sector average92.21% above the sector average92.21% above the sector average92.21% above the sector average

What The Brokers Say

Strong Buy 12
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 13
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GVC Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 14-Mar-19
Paid 26-Sep-19 25-Apr-19
Amount 17.60p 16.00p

Trades for 16-Sep-2019

Time Volume / Share Price
15:43 317 @ 720.20p
15:43 697 @ 720.20p
15:43 120 @ 720.20p
15:43 177 @ 720.20p
15:42 134 @ 720.00p

GVC Holdings Key Personnel

CEO Kenneth Jack Alexander
CFO Rob Wood

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