Berenberg Bank Forecasts Strong Price Appreciation for The Gym Group (LON:GYM) Stock

The Gym Group (LON:GYM) had its target price increased by stock analysts at Berenberg Bank from GBX 255 to GBX 295 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 42.17% from the company’s current price.

A number of other research firms also recently commented on GYM. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 price target on shares of The Gym Group in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 target price on shares of The Gym Group in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 237.

The Gym Group Price Performance

The Gym Group stock opened at GBX 207.50 on Friday. The stock’s fifty day moving average price is GBX 207.33 and its two-hundred day moving average price is GBX 188.53. The Gym Group has a one year low of GBX 131.20 and a one year high of GBX 220. 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 firm has a market cap of £360.89 million, a PE ratio of 51.88, a price-to-earnings-growth ratio of -12.95 and a beta of 0.84.

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.