Gamma Communications plc (LON:GAMA – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 919.40 and traded as low as GBX 915. Gamma Communications shares last traded at GBX 942, with a volume of 4,470,332 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, March 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Wednesday, March 25th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a research note on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,538.
Read Our Latest Analysis on Gamma Communications
Gamma Communications Price Performance
About Gamma Communications
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.
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