The Gym Group (LON:GYM) Stock Price Expected to Rise, Berenberg Bank Analyst Says

The Gym Group (LON:GYM) had its price target upped by equities researchers at Berenberg Bank from GBX 230 to GBX 235 in a report released on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 36.00% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on The Gym Group from GBX 210 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Shore Capital Group restated a “buy” rating on shares of The Gym Group in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and upped their price objective 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, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 209.

The Gym Group Stock Up 5.8%

GYM opened at GBX 172.80 on Tuesday. The business has a 50-day moving average of GBX 173.13 and a two-hundred day moving average of GBX 154.57. The Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 186.80. The stock has a market capitalization of £302.77 million, a price-to-earnings ratio of 42.15, 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 Gym Group (LON:GYM) last issued its quarterly earnings data on Wednesday, March 11th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The Gym Group had a return on equity of 5.35% and a net margin of 3.02%. On average, research analysts expect that The Gym Group will post 0.2851177 earnings per share for the current year.

The Gym Group announced that its board has approved a share buyback program on Thursday, January 15th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board 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.