The Gym Group (LON:GYM) Receives Buy Rating from Shore Capital Group

The Gym Group (LON:GYM)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a report released on Thursday,London Stock Exchange reports.

A number of other research firms also recently weighed in on GYM. Berenberg Bank boosted their price target on shares of The Gym Group from GBX 200 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and lifted their target price for the stock from GBX 155 to GBX 200 in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 208.

The Gym Group Trading Down 2.6%

GYM stock traded down GBX 4.40 during midday trading on Thursday, reaching GBX 166. The stock had a trading volume of 2,275,640 shares, compared to its average volume of 483,615. The business has a fifty day simple moving average of GBX 172.51 and a two-hundred day simple moving average of GBX 153.73. The company has a quick ratio of 0.27, a current ratio of 0.15 and a debt-to-equity ratio of 289.13. The firm has a market cap of £290.86 million, a price-to-earnings ratio of 40.49, a PEG ratio of -12.95 and a beta of 0.96. The Gym Group has a twelve month low of GBX 119 and a twelve 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 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, research analysts expect that The Gym Group will post 0.2851177 EPS for the current fiscal year.

The Gym Group declared that its Board of Directors has initiated a share buyback program on Thursday, January 15th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.