Berenberg Bank Raises The Gym Group (LON:GYM) Price Target to GBX 230

The Gym Group (LON:GYM) had its target price boosted by analysts at Berenberg Bank from GBX 200 to GBX 230 in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 36.90% from the stock’s current price.

Several other research analysts have also weighed in on GYM. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 180 target price on shares of The Gym Group in a research report on Thursday, October 16th. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and upped their price target for the stock from GBX 155 to GBX 200 in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 202.

The Gym Group Stock Performance

Shares of GYM stock opened at GBX 168 on Monday. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20. The firm has a market capitalization of £295.40 million, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The Gym Group has a one year low of GBX 119 and a one year high of GBX 170. The company has a 50 day moving average price of GBX 147.50 and a 200 day moving average price of GBX 145.77.

The Gym Group declared that its board has authorized a stock buyback plan on Thursday, January 15th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management 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.