Shore Capital Group Reaffirms “Buy” Rating for The Gym Group (LON:GYM)

The Gym Group (LON:GYM)‘s stock had its “buy” rating restated by Shore Capital Group in a note issued to investors on Thursday,London Stock Exchange reports.

Several other equities analysts also recently issued reports on the company. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and lifted their price objective for the company from GBX 155 to GBX 200 in a research report on Friday, January 16th. Berenberg Bank raised their target price on The Gym Group from GBX 200 to GBX 230 and gave the company a “buy” rating in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, The Gym Group currently has an average rating of “Buy” and an average target price of GBX 208.

The Gym Group Price Performance

LON:GYM traded down GBX 4.40 on Thursday, reaching GBX 166. The stock had a trading volume of 2,275,640 shares, compared to its average volume of 483,615. The company has a quick ratio of 0.27, a current ratio of 0.15 and a debt-to-equity ratio of 289.13. The company has a market capitalization of £290.86 million, a P/E ratio of 40.49, a price-to-earnings-growth ratio of -12.95 and a beta of 0.96. The Gym Group has a 1-year low of GBX 119 and a 1-year high of GBX 186.80. The stock has a fifty day moving average price of GBX 172.51 and a 200-day moving average price of GBX 153.73.

The Gym Group (LON:GYM) last posted its earnings results 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%. Research analysts forecast that The Gym Group will post 0.2851177 EPS for the current year.

The Gym Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors 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.