The Gym Group (LON:GYM) Price Target Raised to GBX 230

The Gym Group (LON:GYM) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 230 in a research report sent to investors on Thursday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and increased their price objective for the company from GBX 155 to GBX 200 in a research note on Friday, January 16th. Shore Capital Group restated a “buy” rating on shares of The Gym Group in a research report on Wednesday. Finally, Berenberg Bank lifted their price target on shares of The Gym Group from GBX 200 to GBX 230 and gave the stock a “buy” rating in a report on Monday, January 19th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Gym Group currently has a consensus rating of “Buy” and a consensus target price of GBX 208.

The Gym Group Stock Down 1.1%

GYM opened at GBX 178 on Thursday. The company has a debt-to-equity ratio of 289.13, a quick ratio of 0.27 and a current ratio of 0.15. The company has a market cap of £311.88 million, a price-to-earnings ratio of 43.41, a PEG ratio of -12.95 and a beta of 0.96. The Gym Group has a one year low of GBX 119 and a one year high of GBX 186.80. The business’s fifty day moving average is GBX 171.21 and its two-hundred day moving average is GBX 152.97.

The Gym Group (LON:GYM) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share for the quarter. The Gym Group had a return on equity of 5.35% and a net margin of 3.02%. Analysts anticipate that The Gym Group will post 0.2851177 EPS for the current fiscal year.

The Gym Group declared that its board has approved a stock repurchase plan on Thursday, January 15th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The Gym Group Company Profile

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.