The Gym Group (LON:GYM) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

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 175.48 and traded as high as GBX 180. The Gym Group shares last traded at GBX 177, with a volume of 112,283 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Shore Capital Group reaffirmed a “buy” rating on shares of The Gym Group in a research report on Thursday, March 19th. Royal Bank Of Canada raised The Gym Group to an “outperform” rating and increased their price objective for the company from GBX 155 to GBX 200 in a research report on Friday, January 16th. Finally, Berenberg Bank increased their target price on The Gym Group from GBX 230 to GBX 235 and gave the company a “buy” rating in a report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 209.

The Gym Group Stock Performance

The business has a fifty day simple moving average of GBX 175.48 and a two-hundred day simple moving average of GBX 159.85. 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 company has a market cap of £305.82 million, a P/E ratio of 43.90, a P/E/G ratio of -12.95 and a beta of 0.88.

The Gym Group (LON:GYM) last posted its earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share for the quarter. The Gym Group had a return on equity of 5.35% and a net margin of 3.02%. On average, sell-side analysts anticipate that The Gym Group plc will post 0.2851177 EPS for the current year.

The Gym Group declared that its board has approved a stock repurchase program on Thursday, January 15th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.