The Gym Group (LON:GYM) Shares Break Below 200-Day Moving Average – Should You Sell?
by Doug Wharley · The Cerbat GemThe Gym Group plc (LON:GYM – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 188.95 and traded as low as GBX 188. The Gym Group shares last traded at GBX 188, with a volume of 62,910 shares.
Analysts Set New Price Targets
Several equities analysts recently weighed in on GYM shares. Royal Bank Of Canada increased their price target on shares of The Gym Group from GBX 205 to GBX 210 and gave the company an “outperform” rating in a research report on Tuesday, September 22nd. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 275 price objective on shares of The Gym Group in a research report on Thursday, September 17th. Berenberg Bank lifted their price objective on shares of The Gym Group from GBX 295 to GBX 300 and gave the stock a “buy” rating in a research report on Friday, September 18th. Deutsche Bank reiterated a “buy” rating and issued a GBX 230 target price on shares of The Gym Group in a research note on Friday, September 4th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 250 target price on shares of The Gym Group in a research report on Wednesday, September 9th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 253.
Check Out Our Latest Report on The Gym Group
The Gym Group Trading Up 3.4%
The company has a debt-to-equity ratio of 293.82, a current ratio of 0.17 and a quick ratio of 0.27. The firm has a fifty day simple moving average of GBX 187.16 and a two-hundred day simple moving average of GBX 189.17. The firm has a market capitalization of £335.54 million, a P/E ratio of 43.33, a price-to-earnings-growth ratio of -12.95 and a beta of 0.88.
The Gym Group (LON:GYM – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported GBX 3.10 earnings per share (EPS) for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. On average, equities research analysts anticipate that The Gym Group plc will post 0.29 earnings per share for the current fiscal year.
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.