The Gym Group (LON:GYM) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of The Gym Group plc (LON:GYM) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 201.44 and traded as low as GBX 199.50. The Gym Group shares last traded at GBX 201, with a volume of 183,670 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on GYM shares. Berenberg Bank boosted their price objective on shares of The Gym Group from GBX 235 to GBX 255 and gave the stock a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 target price on shares of The Gym Group in a research note on Tuesday, June 9th. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 280 price target on shares of The Gym Group in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 229.

The Gym Group Stock Down 1.5%

The firm has a fifty day simple moving average of GBX 201.75 and a 200-day simple moving average of GBX 183.10. The firm has a market cap of £348.07 million, a price-to-earnings ratio of 50.00, a P/E/G ratio of -12.95 and a beta of 0.85. 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 Company Profile

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.