Berenberg Bank Raises The Gym Group (LON:GYM) Price Target to GBX 235

The Gym Group (LON:GYM) had its price target lifted by equities researchers at Berenberg Bank from GBX 230 to GBX 235 in a research note issued on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 45.96% from the stock’s previous close.

Several other equities research analysts have also commented on GYM. Shore Capital Group reissued a “buy” rating on shares of The Gym Group in a report on Thursday, March 19th. Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and increased their price objective for the company from GBX 155 to GBX 200 in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 209.

The Gym Group Stock Down 0.6%

Shares of GYM opened at GBX 161 on Tuesday. 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 Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 186.80. The stock’s 50 day moving average is GBX 172.91 and its two-hundred day moving average is GBX 154.32. The firm has a market cap of £282.09 million, a P/E ratio of 39.27, a PEG ratio of -12.95 and a beta of 0.96.

The Gym Group (LON:GYM) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 5.60 EPS for the quarter. The Gym Group had a return on equity of 5.35% and a net margin of 3.02%. Analysts predict that The Gym Group will post 0.2851177 earnings per share for the current fiscal year.

The Gym Group announced that its Board of Directors has approved a stock buyback program on Thursday, January 15th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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.