Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Gamma Communications (LON:GAMA) Stock Price

Gamma Communications (LON:GAMA) had its target price lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,460 to GBX 1,400 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 99.69% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Citigroup dropped their price objective on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a research note on Tuesday, March 24th. Finally, Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,538.

Gamma Communications Trading Down 1.5%

Shares of LON:GAMA opened at GBX 701.09 on Friday. Gamma Communications has a 12 month low of GBX 699 and a 12 month high of GBX 1,376. The company has a quick ratio of 2.45, a current ratio of 1.40 and a debt-to-equity ratio of 13.12. The company’s fifty day simple moving average is GBX 877.32 and its 200 day simple moving average is GBX 926.80. The firm has a market cap of £642.27 million, a price-to-earnings ratio of 10.10, a PEG ratio of 2.79 and a beta of 0.65.

Gamma Communications (LON:GAMA) last released its earnings results on Tuesday, March 24th. The company reported GBX 69.50 EPS for the quarter. Gamma Communications had a return on equity of 13.14% and a net margin of 10.01%. As a group, research analysts forecast that Gamma Communications will post 89.6398892 EPS for the current fiscal 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.