Gamma Communications (LON:GAMA) Shares Up 1.4% – Still a Buy?

Shares of Gamma Communications plc (LON:GAMA) rose 1.4% during mid-day trading on Wednesday . The stock traded as high as GBX 897 and last traded at GBX 841.49. 8,366,867 shares traded hands during trading, an increase of 200% from the average session volume of 2,790,171 shares. The stock had previously closed at GBX 829.50.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GAMA. Deutsche Bank Aktiengesellschaft cut their price target on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, March 27th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a report on Tuesday, March 24th. Finally, Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 1,538.

Gamma Communications Trading Up 1.4%

The stock has a market cap of £755.32 million, a PE ratio of 12.14, a PEG ratio of 2.79 and a beta of 0.89. The company has a quick ratio of 2.45, a current ratio of 1.40 and a debt-to-equity ratio of 13.12. The stock’s fifty day moving average price is GBX 920.07 and its 200 day moving average price is GBX 890.02.

About Gamma Communications

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.