The Gym Group (LON:GYM) Shares Pass Above Fifty Day Moving Average – Time to Sell?

The Gym Group plc (LON:GYM)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 173.75 and traded as high as GBX 177.40. The Gym Group shares last traded at GBX 175, with a volume of 358,899 shares changing hands.

Wall Street Analysts Forecast Growth

GYM has been the subject of a number of recent analyst reports. Berenberg Bank upped their price objective on The Gym Group from GBX 230 to GBX 235 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada raised The Gym Group to an “outperform” rating and boosted their price target for the stock from GBX 155 to GBX 200 in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft upped their price target on The Gym Group from GBX 210 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of The Gym Group in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Gym Group has an average rating of “Buy” and a consensus target price of GBX 209.

The Gym Group Price Performance

The firm’s fifty day simple moving average is GBX 173.99 and its 200 day simple moving average is GBX 155.72. The firm has a market cap of £302.77 million, a P/E ratio of 42.15, a P/E/G ratio of -12.95 and a beta of 0.96. 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 issued 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 return on equity of 5.35% and a net margin of 3.02%. As a group, analysts forecast that The Gym Group plc will post 0.2851177 earnings per share for the current year.

The Gym Group declared that its board has authorized a stock repurchase plan on Thursday, January 15th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.