Gamma Communications PLC (GAMA) Receives “Add” Rating from Peel Hunt
Gamma Communications PLC (LON:GAMA)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a research report issued to clients and investors on Wednesday. They presently have a GBX 733 ($9.67) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 21.66% from the company’s previous close.
Separately, Royal Bank Of Canada restated a “sector performer” rating and set a GBX 650 ($8.58) price objective on shares of Gamma Communications PLC in a research report on Wednesday, September 6th.
Shares of Gamma Communications PLC (GAMA) opened at 602.50 on Wednesday. Gamma Communications PLC has a 12-month low of GBX 437.00 and a 12-month high of GBX 670.00. The company’s market cap is GBX 555.74 million. The company has a 50 day moving average of GBX 588.24 and a 200-day moving average of GBX 599.59.
In other Gamma Communications PLC news, insider Andrew Jonathan Stone sold 50,000 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of GBX 580 ($7.65), for a total value of £290,000 ($382,686.72). Insiders sold 207,500 shares of company stock worth $121,215,500 over the last quarter.
Gamma Communications PLC Company Profile
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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