The Gym Group (LON:GYM) Shares Cross Above 50-Day Moving Average – Here’s Why

The Gym Group plc (LON:GYM) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 207.21 and traded as high as GBX 211. The Gym Group shares last traded at GBX 211, with a volume of 80,553 shares trading hands.

Wall Street Analysts Forecast Growth

GYM has been the topic of several recent analyst reports. Shore Capital Group reissued a “buy” rating and set a GBX 280 target price on shares of The Gym Group in a research report on Wednesday, July 8th. Berenberg Bank boosted their price target on shares of The Gym Group from GBX 255 to GBX 295 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 237.

The Gym Group Trading Up 1.9%

The stock has a fifty day moving average of GBX 207.21 and a two-hundred day moving average of GBX 190.15. The company has a market capitalization of £366.98 million, a PE ratio of 52.75, a PEG ratio of -12.95 and a beta of 0.84. 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 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.