The Gym Group’s (GYM) Buy Rating Reaffirmed at Shore Capital Group

The Gym Group (LON:GYM)‘s stock had its “buy” rating reaffirmed by Shore Capital Group in a note issued to investors on Wednesday,London Stock Exchange reports.

A number of other equities research analysts also recently commented on the stock. Berenberg Bank raised their price objective on shares of The Gym Group from GBX 200 to GBX 230 and gave the company a “buy” rating in a research report on Monday, January 19th. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and boosted their target price for the stock from GBX 155 to GBX 200 in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, The Gym Group presently has an average rating of “Buy” and an average target price of GBX 202.

The Gym Group Stock Performance

LON:GYM traded up GBX 3.20 during midday trading on Wednesday, reaching GBX 178. The stock had a trading volume of 308,476 shares, compared to its average volume of 405,022. The company has a quick ratio of 0.27, a current ratio of 0.19 and a debt-to-equity ratio of 295.70. The stock has a market cap of £311.88 million, a P/E ratio of 43.41, a P/E/G ratio of -12.95 and a beta of 0.96. The firm has a fifty day simple moving average of GBX 169.41 and a two-hundred day simple moving average of GBX 152.30. 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 earnings results on Wednesday, March 11th. The company reported GBX 5.60 EPS for the quarter. The Gym Group had a net margin of 3.19% and a return on equity of 5.63%. On average, equities analysts expect that The Gym Group will post 0.2851177 EPS for the current year.

The Gym Group declared that its Board of Directors has initiated a share buyback plan on Thursday, January 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership 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.