The Gym Group (LON:GYM) Price Target Raised to GBX 235

The Gym Group (LON:GYM) had its target price increased by Berenberg Bank from GBX 230 to GBX 235 in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Shore Capital Group restated a “buy” rating on shares of The Gym Group in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lifted their target price on The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada raised The Gym Group to an “outperform” rating and boosted their price target for the company from GBX 155 to GBX 200 in a report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 209.

The Gym Group Stock Performance

Shares of LON GYM opened at GBX 175.57 on Tuesday. The firm has a 50 day moving average of GBX 173.36 and a 200 day moving average of GBX 154.72. The company has a current ratio of 0.15, a quick ratio of 0.27 and a debt-to-equity ratio of 289.13. The firm has a market capitalization of £307.62 million, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of -12.95 and a beta of 0.96. The Gym Group has a 12-month low of GBX 119 and a 12-month high of GBX 186.80.

The Gym Group (LON:GYM) last released 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 net margin of 3.02% and a return on equity of 5.35%. On average, research analysts anticipate that The Gym Group will post 0.2851177 earnings per share for the current year.

The Gym Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, January 15th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are 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.