The Gym Group (LON:GYM) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

The Gym Group plc (LON:GYMGet Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 201.44 and traded as low as GBX 199.50. The Gym Group shares last traded at GBX 201, with a volume of 183,670 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GYM shares. Berenberg Bank lifted their price target on shares of The Gym Group from GBX 235 to GBX 255 and gave the company a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price objective on shares of The Gym Group in a research report on Tuesday, June 9th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 280 target price on shares of The Gym Group in a research note on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 229.

Get Our Latest Stock Analysis on The Gym Group

The Gym Group Trading Up 2.0%

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 company has a market cap of £356.78 million, a PE ratio of 51.25, a price-to-earnings-growth ratio of -12.95 and a beta of 0.85. The company’s 50 day simple moving average is GBX 201.44 and its two-hundred day simple moving average is GBX 182.72.

The Gym Group Company Profile

(Get Free Report)

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.

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