The Gym Group (LON:GYM) Stock Price Expected to Rise, Berenberg Bank Analyst Says

The Gym Group (LON:GYM) had its price target raised by equities research analysts at Berenberg Bank from GBX 200 to GBX 230 in a report released on Monday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 37.72% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and raised their price target for the company from GBX 155 to GBX 200 in a report on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 180 price objective on shares of The Gym Group in a research report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 202.

The Gym Group Price Performance

GYM stock opened at GBX 167 on Monday. The firm has a 50 day moving average of GBX 148.04 and a 200-day moving average of GBX 145.85. The firm has a market capitalization of £293.64 million, a P/E ratio of 40.73, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 170. The company has a current ratio of 0.20, a quick ratio of 0.27 and a debt-to-equity ratio of 307.68.

The Gym Group declared that its Board of Directors has approved a share buyback program on Thursday, January 15th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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.