The Gym Group (LON:GYM) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

The Gym Group plc (LON:GYM)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 177.19 and traded as high as GBX 194. The Gym Group shares last traded at GBX 189.02, with a volume of 4,923,891 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GYM. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Gym Group from GBX 210 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Royal Bank Of Canada upgraded shares of The Gym Group to an “outperform” rating and increased their target price for the stock from GBX 155 to GBX 200 in a research report on Friday, January 16th. Shore Capital Group reiterated a “buy” rating on shares of The Gym Group in a research report on Thursday, March 19th. Finally, Berenberg Bank increased their target price on shares of The Gym Group from GBX 230 to GBX 235 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, The Gym Group presently has a consensus rating of “Buy” and an average target price of GBX 209.

The Gym Group Stock Down 2.1%

The company has a market cap of £329.20 million, a P/E ratio of 47.26, a price-to-earnings-growth 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 firm’s 50 day moving average price is GBX 177.19 and its 200-day moving average price is GBX 163.10.

The Gym Group (LON:GYM) last issued its earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The Gym Group had a net margin of 3.02% and a return on equity of 5.35%. As a group, equities research analysts expect that The Gym Group plc will post 0.2851177 EPS 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.