Gamma Communications’ (GAMA) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Gamma Communications (LON:GAMA) in a report issued on Tuesday morning, Marketbeat reports. Shore Capital currently has a GBX 1,500 price objective on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,790.

Gamma Communications Trading Down 3.8%

LON:GAMA opened at GBX 1,024 on Tuesday. The company has a market cap of £943.72 million, a PE ratio of 1,422.22, a P/E/G ratio of 2.79 and a beta of 0.82. The business’s 50 day moving average is GBX 1,086.01 and its two-hundred day moving average is GBX 1,183. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. Gamma Communications has a 52 week low of GBX 993.11 and a 52 week high of GBX 1,917.60.

Gamma Communications (LON:GAMA) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 48 earnings per share (EPS) for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. On average, analysts predict that Gamma Communications will post 89.6398892 EPS 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.