Stock Repurchase Program Initiated by The Gym Group (LON:GYM)

The Gym Group (LON:GYM) announced that its Board of Directors has authorized a stock repurchase plan on Thursday, January 15th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GYM shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 180 price target 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 objective for the company from GBX 155 to GBX 200 in a research note on Friday. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 196.

The Gym Group Stock Performance

LON:GYM opened at GBX 166.60 on Friday. The stock has a market capitalization of £292.94 million, a P/E ratio of 40.63, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The firm has a 50 day moving average of GBX 146.86 and a 200-day moving average of GBX 145.73. The company has a current ratio of 0.20, a quick ratio of 0.27 and a debt-to-equity ratio of 307.68. The Gym Group has a 1 year low of GBX 119 and a 1 year high of GBX 168.

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.