Peel Hunt reaffirmed their add rating on shares of Gamma Communications (LON:GAMA) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently commented on GAMA. Jefferies Financial Group boosted their price objective on shares of Gamma Communications from GBX 1,130 ($14.77) to GBX 1,270 ($16.59) and gave the company a buy rating in a research report on Monday, August 12th. Barclays boosted their price objective on shares of Gamma Communications from GBX 1,150 ($15.03) to GBX 1,250 ($16.33) and gave the company an overweight rating in a research report on Friday, September 6th. Numis Securities reaffirmed an add rating on shares of Gamma Communications in a research report on Thursday, May 16th. Finally, Royal Bank of Canada reaffirmed an overweight rating and issued a GBX 1,250 ($16.33) price objective on shares of Gamma Communications in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 1,199 ($15.67).
Shares of LON GAMA opened at GBX 1,189.15 ($15.54) on Monday. The company’s fifty day moving average is GBX 1,061.27 and its 200-day moving average is GBX 1,050.24. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 33.03. Gamma Communications has a twelve month low of GBX 640 ($8.36) and a twelve month high of GBX 1,250 ($16.33). The company has a quick ratio of 1.98, a current ratio of 2.10 and a debt-to-equity ratio of 6.73.
The firm also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, September 26th will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.3%. Gamma Communications’s payout ratio is currently 0.28%.
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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