The Gym Group (LON:GYM) Price Target Raised to GBX 230

The Gym Group (LON:GYM) had its price target boosted by Berenberg Bank from GBX 200 to GBX 230 in a research note published on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 180 price target on shares of The Gym Group in a research note on Thursday, October 16th. Royal Bank Of Canada upgraded shares of The Gym Group to an “outperform” rating and increased their target price for the stock from GBX 155 to GBX 200 in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 202.

The Gym Group Price Performance

LON:GYM opened at GBX 167 on Monday. The stock has a 50-day simple moving average of GBX 148.54 and a 200 day simple moving average of GBX 145.99. The Gym Group has a 52-week low of GBX 119 and a 52-week high of GBX 170. The company has a market cap of £293.64 million, a PE ratio of 40.73, a PEG ratio of -12.95 and a beta of 1.75. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20.

The Gym Group declared that its board has authorized a stock repurchase plan on Thursday, January 15th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign 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.