The Gym Group (LON:GYM) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of The Gym Group plc (LON:GYM) 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GYM shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 180 target price on shares of The Gym Group in a report on Thursday, October 16th. Shore Capital reiterated a “buy” rating and issued a GBX 200 price objective on shares of The Gym Group in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Gym Group from GBX 195 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Berenberg Bank raised their target price on shares of The Gym Group from GBX 195 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 195.

The Gym Group Stock Performance

The stock has a 50 day moving average of GBX 142.81 and a 200 day moving average of GBX 145.66. The company has a quick ratio of 0.27, a current ratio of 0.20 and a debt-to-equity ratio of 307.68. The firm has a market cap of £240.54 million, a price-to-earnings ratio of 33.41, a P/E/G ratio of -12.95 and a beta of 1.75.

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