Gamma Communications (LON:GAMA) was upgraded by Peel Hunt to a “buy” rating in a report issued on Thursday. The firm currently has a GBX 920 ($12.02) price objective on the stock, up from their previous price objective of GBX 840 ($10.98). Peel Hunt’s price target suggests a potential upside of 13.86% from the company’s current price.
A number of other research firms have also recently issued reports on GAMA. Numis Securities lifted their target price on shares of Gamma Communications from GBX 860 ($11.24) to GBX 900 ($11.76) and gave the company a “buy” rating in a research note on Thursday, July 12th. Barclays lifted their target price on shares of Gamma Communications from GBX 750 ($9.80) to GBX 775 ($10.13) and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Finally, Citigroup lifted their target price on shares of Gamma Communications from GBX 930 ($12.15) to GBX 1,025 ($13.39) and gave the company a “buy” rating in a research note on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Gamma Communications has an average rating of “Buy” and a consensus target price of GBX 927.50 ($12.12).
Shares of GAMA opened at GBX 808 ($10.56) on Thursday. Gamma Communications has a 12 month low of GBX 463 ($6.05) and a 12 month high of GBX 770 ($10.06).
Gamma Communications (LON:GAMA) last posted its earnings results on Monday, September 3rd. The company reported GBX 13.40 ($0.18) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 9.65% and a return on equity of 26.40%.
About Gamma Communications
Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.
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