Berenberg Bank Reiterates “Buy” Rating for The Gym Group (LON:GYM)

The Gym Group (LON:GYM)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 195 ($2.52) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 46.18% from the stock’s previous close.

Separately, Shore Capital reiterated a “buy” rating on shares of The Gym Group in a report on Tuesday, January 14th.

The Gym Group Stock Up 2.3 %

Shares of GYM traded up GBX 3 ($0.04) during trading hours on Monday, hitting GBX 133.40 ($1.72). The company had a trading volume of 31,778 shares, compared to its average volume of 273,415. The stock has a market capitalization of £237.26 million, a price-to-earnings ratio of -113.77, a P/E/G ratio of -12.95 and a beta of 1.75. The Gym Group has a 52-week low of GBX 107.20 ($1.39) and a 52-week high of GBX 174.21 ($2.25). The firm has a fifty day moving average price of GBX 134.78 and a 200-day moving average price of GBX 148.28. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20.

The Gym Group (LON:GYM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported GBX 3 ($0.04) earnings per share for the quarter. The Gym Group had a negative net margin of 0.97% and a negative return on equity of 1.64%. On average, equities research analysts forecast that The Gym Group will post 0.2851177 EPS for the current fiscal year.

Insider Buying and Selling at The Gym Group

In other The Gym Group news, insider Richard Stables bought 25,000 shares of The Gym Group stock in a transaction on Thursday, January 23rd. The stock was purchased at an average cost of GBX 143 ($1.85) per share, for a total transaction of £35,750 ($46,188.63). 2.53% of the stock is owned by corporate insiders.

About The Gym Group

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.