The Gym Group (LON:GYM) Receives Buy Rating from Shore Capital Group

Shore Capital Group reiterated their buy rating on shares of The Gym Group (LON:GYM) in a research report sent to investors on Wednesday, Marketbeat Ratings reports.

Several other equities research analysts have also commented on GYM. Berenberg Bank raised their price target on shares of The Gym Group from GBX 200 to GBX 230 and gave the company a “buy” rating in a research note on Monday, January 19th. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and boosted their price target for the stock from GBX 155 to GBX 200 in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Gym Group presently has an average rating of “Buy” and a consensus price target of GBX 202.

The Gym Group Stock Performance

Shares of LON GYM opened at GBX 178 on Wednesday. The company has a market cap of £311.88 million, a PE ratio of 43.41, a price-to-earnings-growth ratio of -12.95 and a beta of 0.96. The company has a 50-day simple moving average of GBX 169.99 and a 200-day simple moving average of GBX 152.48. The company has a debt-to-equity ratio of 295.70, a current ratio of 0.19 and a quick ratio of 0.27. The Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 186.80.

The Gym Group (LON:GYM) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The Gym Group had a net margin of 3.19% and a return on equity of 5.63%. On average, equities analysts anticipate that The Gym Group will post 0.2851177 earnings per share for the current year.

The Gym Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 15th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership 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.