The Gym Group (LON:GYM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

The Gym Group plc (LON:GYM) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 188.95 and traded as low as GBX 188. The Gym Group shares last traded at GBX 188, with a volume of 62,910 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GYM shares. Berenberg Bank raised their price objective on The Gym Group from GBX 295 to GBX 300 and gave the stock a “buy” rating in a research note on Friday, September 18th. Royal Bank Of Canada lifted their target price on The Gym Group from GBX 205 to GBX 210 and gave the stock an “outperform” rating in a report on Tuesday, September 22nd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 275 target price on shares of The Gym Group in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 target price on shares of The Gym Group in a report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 250 price target on shares of The Gym Group in a research report on Wednesday, September 9th. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 253.

The Gym Group Stock Performance

The firm’s fifty day simple moving average is GBX 187.48 and its 200 day simple moving average is GBX 188.95. The company has a market capitalization of £334.68 million, a price-to-earnings ratio of 43.22, a PEG ratio of -12.95 and a beta of 0.88. The company has a debt-to-equity ratio of 293.82, a current ratio of 0.17 and a quick ratio of 0.27.

The Gym Group (LON:GYM) last posted its quarterly earnings data on Wednesday, September 9th. The company reported GBX 3.10 EPS for the quarter. The Gym Group had a net margin of 3.27% and a return on equity of 5.95%. On average, sell-side analysts forecast that The Gym Group plc will post 0.29 EPS for the current year.

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.