The Gym Group (LON:GYM) Shares Break Below Fifty Day Moving Average – What’s Next?

The Gym Group plc (LON:GYM – Get Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 199 and traded as low as GBX 180. The Gym Group shares last traded at GBX 180, with a volume of 961,134 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a research report on Friday, September 4th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 275 target price on shares of The Gym Group in a research note on Thursday, September 17th. Berenberg Bank increased their target price on The Gym Group from GBX 295 to GBX 300 and gave the company a “buy” rating in a research report on Friday, September 18th. Royal Bank Of Canada lifted 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 note on Tuesday, September 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 250 price target on shares of The Gym Group in a report on Wednesday, September 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Gym Group currently has a consensus rating of “Buy” and an average price target of GBX 253.

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The Gym Group Trading Up 0.6%

The company has a fifty day moving average of GBX 198.40 and a 200-day moving average of GBX 193.46. The company has a current ratio of 0.17, a quick ratio of 0.27 and a debt-to-equity ratio of 293.82. The company has a market capitalization of £309.28 million, a price-to-earnings ratio of 44.62, a PEG ratio of -12.95 and a beta of 0.83.

The Gym Group (LON:GYM – Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported GBX 3.10 EPS for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. As a group, equities research analysts anticipate that The Gym Group plc will post 0.2851177 earnings per share for the current fiscal year.

About The Gym Group

(Get Free Report)

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.

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