The Gym Group (LON:GYM) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

The Gym Group plc (LON:GYM)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 175.70 and traded as high as GBX 185. The Gym Group shares last traded at GBX 182.99, with a volume of 17,713,611 shares trading hands.

Analysts Set New Price Targets

GYM has been the topic of several recent analyst reports. Royal Bank Of Canada raised 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. Berenberg Bank boosted their target price on The Gym Group from GBX 230 to GBX 235 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft boosted their target price on 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, Shore Capital Group reiterated a “buy” rating on shares of The Gym Group in a research note on Thursday, March 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Gym Group has a consensus rating of “Buy” and a consensus price target of GBX 209.

The Gym Group Stock Performance

The firm has a 50 day moving average of GBX 175.70 and a two-hundred day moving average of GBX 161.17. The stock has a market cap of £321.30 million, a P/E ratio of 46.12, a P/E/G 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 Gym Group (LON:GYM) last announced its earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share for the quarter. The Gym Group had a return on equity of 5.35% and a net margin of 3.02%. On average, research analysts predict that The Gym Group plc will post 0.2851177 EPS for the current fiscal year.

The Gym Group declared that its board has approved a stock repurchase plan on Thursday, January 15th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.