Numis Securities reaffirmed their buy rating on shares of Gamma Communications (LON:GAMA) in a report issued on Monday. Numis Securities currently has a GBX 810 ($10.98) price target on the stock.

Separately, Peel Hunt reiterated an add rating and issued a GBX 733 ($9.94) price target on shares of Gamma Communications in a research note on Monday, October 2nd.

Gamma Communications (LON GAMA) opened at GBX 640 ($8.68) on Monday. The stock has a market cap of $597.06 and a PE ratio of 3,047.62. Gamma Communications has a 12 month low of GBX 450.83 ($6.11) and a 12 month high of GBX 671.71 ($9.11).

In related news, insider Malcolm Goddard sold 4,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of GBX 632 ($8.57), for a total transaction of £25,280 ($34,282.61).

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About Gamma Communications

Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.

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