The Gym Group (LON:GYM) Share Price Passes Below 50 Day Moving Average – What’s Next?

The Gym Group plc (LON:GYM)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 142.81 and traded as low as GBX 136.03. The Gym Group shares last traded at GBX 137, with a volume of 50,935 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on The Gym Group from GBX 195 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 180 price target on shares of The Gym Group in a research note on Thursday, October 16th. Berenberg Bank increased their price objective on shares of The Gym Group from GBX 195 to GBX 200 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Finally, Shore Capital restated a “buy” rating and issued a GBX 200 target price on shares of The Gym Group in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 195.

The Gym Group Stock Down 1.4%

The company has a current ratio of 0.20, a quick ratio of 0.27 and a debt-to-equity ratio of 307.68. The stock has a market cap of £240.54 million, a P/E ratio of 33.41, a PEG ratio of -12.95 and a beta of 1.75. The company’s 50 day moving average price is GBX 142.81 and its two-hundred day moving average price is GBX 145.60.

The Gym Group (LON:GYM) last announced its earnings results on Wednesday, September 10th. The company reported GBX 2.80 earnings per share (EPS) for the quarter. The Gym Group had a negative net margin of 0.97% and a negative return on equity of 1.64%. Equities analysts forecast that The Gym Group plc will post 0.2851177 earnings per share for the current year.

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.