The Gym Group (LON:GYM) Stock Rating Upgraded by Royal Bank Of Canada

The Gym Group (LON:GYM) was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a GBX 200 target price on the stock, up from their prior target price of GBX 155. Royal Bank Of Canada’s price objective indicates a potential upside of 20.05% from the stock’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 180 target price on shares of The Gym Group in a report on Thursday, October 16th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 196.

The Gym Group Stock Performance

Shares of GYM opened at GBX 166.60 on Friday. The firm has a market cap of £292.94 million, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The company’s fifty day moving average is GBX 146.86 and its 200-day moving average is GBX 145.73. The company has a quick ratio of 0.27, a current ratio of 0.20 and a debt-to-equity ratio of 307.68. The Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 168.

The Gym Group announced that its board has initiated a stock buyback program on Thursday, January 15th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management 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.