Berenberg Bank Issues Positive Forecast for The Gym Group (LON:GYM) Stock Price

The Gym Group (LON:GYM) had its target price boosted by Berenberg Bank from GBX 230 to GBX 235 in a research report released on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Shore Capital Group reiterated a “buy” rating on shares of The Gym Group in a research report on Thursday, March 19th. Royal Bank Of Canada upgraded The Gym Group to an “outperform” rating and boosted their target price for the stock from GBX 155 to GBX 200 in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Gym Group presently has a consensus rating of “Buy” and a consensus target price of GBX 209.

The Gym Group Price Performance

Shares of GYM stock opened at GBX 161 on Tuesday. The Gym Group has a 1 year low of GBX 119 and a 1 year high of GBX 186.80. The firm’s 50 day moving average is GBX 172.91 and its 200-day moving average is GBX 154.44. The firm has a market capitalization of £282.09 million, a price-to-earnings ratio of 39.27, a PEG ratio of -12.95 and a beta of 0.96. The company has a current ratio of 0.15, a quick ratio of 0.27 and a debt-to-equity ratio of 289.13.

The Gym Group (LON:GYM) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 5.60 EPS for the quarter. The Gym Group had a net margin of 3.02% and a return on equity of 5.35%. Sell-side analysts forecast that The Gym Group will post 0.2851177 EPS for the current fiscal year.

The Gym Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 15th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is 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.