Peel Hunt Reiterates Add Rating for Gamma Communications PLC (GAMA)
Gamma Communications PLC (LON:GAMA)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 733 ($9.86) price target on the stock. Peel Hunt’s price target suggests a potential upside of 23.19% from the company’s current price.
Separately, Royal Bank Of Canada reissued a “sector performer” rating and set a GBX 650 ($8.74) price objective on shares of Gamma Communications PLC in a research report on Wednesday, September 6th.
Gamma Communications PLC (LON GAMA) opened at 595.00 on Monday. Gamma Communications PLC has a 12 month low of GBX 437.00 and a 12 month high of GBX 670.00. The stock’s market cap is GBX 548.82 million. The stock has a 50 day moving average of GBX 635.27 and a 200-day moving average of GBX 578.69.
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In other Gamma Communications PLC news, insider Andrew Jonathan Stone sold 32,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of GBX 580 ($7.80), for a total value of £185,600 ($249,596.56). In the last 90 days, insiders sold 112,000 shares of company stock valued at $67,244,000.
About Gamma Communications PLC
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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