Berenberg Bank Forecasts Strong Price Appreciation for Gamma Communications (LON:GAMA) Stock

Gamma Communications (LON:GAMA) had its price objective boosted by equities research analysts at Berenberg Bank from GBX 1,900 ($24.28) to GBX 2,000 ($25.56) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 71.82% from the stock’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Gamma Communications in a report on Tuesday, March 25th.

Gamma Communications Price Performance

Shares of LON:GAMA opened at GBX 1,164 ($14.87) on Tuesday. The business’s 50 day moving average is GBX 1,292.68 and its 200-day moving average is GBX 1,463.07. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of £1.11 billion, a PE ratio of 19.85, a PEG ratio of 2.79 and a beta of 0.82. Gamma Communications has a 1-year low of GBX 1,136 ($14.52) and a 1-year high of GBX 1,917.60 ($24.50).

Gamma Communications (LON:GAMA) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 85.10 ($1.09) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. Sell-side analysts predict that Gamma Communications will post 89.6398892 earnings per share for the current year.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.