Deutsche Bank Aktiengesellschaft Cuts Gamma Communications (LON:GAMA) Price Target to GBX 1,400

Gamma Communications (LON:GAMA) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 1,460 to GBX 1,400 in a report published on Friday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on GAMA. Shore Capital Group reissued a “buy” rating on shares of Gamma Communications in a research report on Wednesday, March 25th. Citigroup cut their price objective on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1,538.

Gamma Communications Stock Down 1.5%

GAMA stock opened at GBX 701.09 on Friday. 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 firm has a 50 day moving average of GBX 877.32 and a 200 day moving average of GBX 926.14. The stock has a market capitalization of £642.27 million, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.65. Gamma Communications has a 52 week low of GBX 699 and a 52 week high of GBX 1,376.

Gamma Communications (LON:GAMA) last announced its quarterly earnings data 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%. Sell-side analysts forecast that Gamma Communications will post 89.6398892 earnings per share for the current 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.