The Gym Group (LON:GYM) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

The Gym Group plc (LON:GYM)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 175.70 and traded as high as GBX 185. The Gym Group shares last traded at GBX 182.99, with a volume of 17,713,611 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and raised their target price for the company from GBX 155 to GBX 200 in a research note on Friday, January 16th. Berenberg Bank raised their target price on shares of The Gym Group from GBX 230 to GBX 235 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Shore Capital Group reissued a “buy” rating on shares of The Gym Group in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 209.

The Gym Group Stock Up 0.0%

The firm has a fifty day simple moving average of GBX 175.70 and a 200-day simple moving average of GBX 161.17. The firm has a market cap of £318.72 million, a price-to-earnings ratio of 45.75, a P/E/G ratio of -12.95 and a beta of 0.88. The company has a debt-to-equity ratio of 289.13, a quick ratio of 0.27 and a current ratio of 0.15.

The Gym Group (LON:GYM) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that The Gym Group plc will post 0.2851177 EPS for the current year.

The Gym Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, January 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is 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.