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 passed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Analysts Set New Price Targets

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

The Gym Group Trading Down 2.1%

The company has a market cap of £329.20 million, a price-to-earnings ratio of 47.26, a PEG ratio of -12.95 and a beta of 0.84. The company has a debt-to-equity ratio of 289.13, a quick ratio of 0.27 and a current ratio of 0.15. The business’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 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%. On average, research analysts forecast that The Gym Group plc will post 0.2851177 EPS for the current year.

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.