The Gym Group (LON:GYM) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYM) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 194.49 and traded as low as GBX 179.50. The Gym Group shares last traded at GBX 179.50, with a volume of 166,458 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GYM. Royal Bank Of Canada increased their target price on The Gym Group from GBX 205 to GBX 210 and gave the stock an “outperform” rating in a research note on Tuesday, September 22nd. Berenberg Bank lifted their price target on The Gym Group from GBX 295 to GBX 300 and gave the company a “buy” rating in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price objective on shares of The Gym Group in a report on Friday, September 4th. Shore Capital Group reiterated a “buy” rating and issued a GBX 275 price objective on shares of The Gym Group in a research report on Thursday, September 17th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 250 target price on shares of The Gym Group in a report on Wednesday, September 9th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 253.

The Gym Group Trading Up 1.2%

The stock has a market cap of £313.47 million, a PE ratio of 40.37, a P/E/G ratio of -12.95 and a beta of 0.83. The business’s fifty day moving average is GBX 194.49 and its 200 day moving average is GBX 194.07. The company has a quick ratio of 0.27, a current ratio of 0.17 and a debt-to-equity ratio of 293.82.

The Gym Group (LON:GYM) last issued its earnings results on Wednesday, September 9th. The company reported GBX 3.10 earnings per share for the quarter. The Gym Group had a net margin of 3.27% and a return on equity of 5.95%. As a group, analysts predict that The Gym Group plc will post 0.29 earnings per share for the current year.

About The Gym Group

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.