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

The Gym Group plc (LON:GYM)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 203.48 and traded as high as GBX 210. The Gym Group shares last traded at GBX 205, with a volume of 144,193 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on GYM. Shore Capital Group reissued a “buy” rating and issued a GBX 280 target price on shares of The Gym Group in a research note on Wednesday, July 8th. Berenberg Bank upped their price target on shares of The Gym Group from GBX 235 to GBX 255 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price target on shares of The Gym Group in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Gym Group has an average rating of “Buy” and an average target price of GBX 229.

The Gym Group Price Performance

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 firm has a market capitalization of £351.55 million, a price-to-earnings ratio of 50.50, a P/E/G ratio of -12.95 and a beta of 0.85. The company’s 50 day moving average is GBX 204.36 and its 200-day moving average is GBX 185.62.

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.