The Gym Group (LON:GYM) Given Buy Rating at Shore Capital Group

Shore Capital Group restated their buy rating on shares of The Gym Group (LON:GYM) in a research note issued to investors on Thursday, Marketbeat reports.

A number of other equities analysts also recently commented on the company. Royal Bank Of Canada raised The Gym Group to an “outperform” rating and boosted their price objective for the stock from GBX 155 to GBX 200 in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Berenberg Bank lifted their price objective on shares of The Gym Group from GBX 200 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Gym Group has an average rating of “Buy” and an average price target of GBX 208.

The Gym Group Stock Performance

Shares of The Gym Group stock opened at GBX 166 on Thursday. The stock has a market capitalization of £290.86 million, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of -12.95 and a beta of 0.96. The company has a debt-to-equity ratio of 289.13, a current ratio of 0.15 and a quick ratio of 0.27. The business has a 50-day moving average of GBX 172.67 and a 200 day moving average of GBX 153.81. 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 issued 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 3.02% and a return on equity of 5.35%. As a group, sell-side analysts forecast that The Gym Group will post 0.2851177 earnings per share for the current year.

The Gym Group announced that its board has authorized a stock repurchase program on Thursday, January 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are 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.