The Gym Group (LON:GYM) Price Target Raised to GBX 235 at Berenberg Bank

The Gym Group (LON:GYM) had its price target hoisted by equities research analysts at Berenberg Bank from GBX 230 to GBX 235 in a note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 45.96% from the stock’s current price.

GYM has been the subject of a number of other reports. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and upped their price target for the company 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, Deutsche Bank Aktiengesellschaft boosted their price objective on The Gym Group from GBX 210 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 209.

The Gym Group Stock Performance

GYM opened at GBX 161 on Tuesday. The firm has a market capitalization of £282.09 million, a PE ratio of 39.27, 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 firm’s 50-day moving average price is GBX 172.91 and its 200 day moving average price is GBX 154.32. 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 Gym Group (LON:GYM) last announced its quarterly earnings data 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, sell-side 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 approved a share repurchase program on Thursday, January 15th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors 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.