The Gym Group (LON:GYM) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of The Gym Group plc (LON:GYM) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 206.02 and traded as high as GBX 210. The Gym Group shares last traded at GBX 210, with a volume of 240,907 shares trading hands.

Wall Street Analysts Forecast Growth

GYM has been the subject of several analyst reports. Shore Capital Group reissued a “buy” rating and issued a GBX 280 price target on shares of The Gym Group in a report on Wednesday, July 8th. Berenberg Bank upped their price target on shares of The Gym Group from GBX 235 to GBX 255 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price objective on shares of The Gym Group in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, The Gym Group currently has a consensus rating of “Buy” and a consensus price target of GBX 229.

The Gym Group Price Performance

The stock has a market cap of £368.96 million, a PE ratio of 53.00, a PEG ratio of -12.95 and a beta of 0.85. The business’s 50-day simple moving average is GBX 206.02 and its 200-day simple moving average is GBX 186.87. The company has a quick ratio of 0.27, a current ratio of 0.15 and a debt-to-equity ratio of 289.13.

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.