The Gym Group (LON:GYM) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Key Points

• Berenberg Bank raised The Gym Group’s price target to GBX 300 from GBX 295 and maintained a “buy” rating, implying 57.89% upside from the previous close.
• Analyst sentiment remains positive: five analysts rate the stock a “Buy,” with a consensus price target of GBX 251; Deutsche Bank, Jefferies, and Shore Capital also recently reiterated buy ratings.
• The shares opened at GBX 190, while the company recently reported quarterly earnings of GBX 3.10 per share and analysts expect full-year earnings of approximately GBX 0.285 per share.

The Gym Group (LON:GYM - Get Free Report) had its target price raised by Berenberg Bank from GBX 295 to GBX 300 in a research report issued to clients and investors on Friday, London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 57.89% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 230 price objective on shares of The Gym Group in a research report on Friday, September 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 250 price target on shares of The Gym Group in a research note on Wednesday, September 9th. Finally, Shore Capital Group reiterated a "buy" rating and issued a GBX 275 price target on shares of The Gym Group in a report on Thursday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 251.

The Gym Group Price Performance

GYM stock opened at GBX 190 on Friday. The firm has a market capitalization of £329.21 million, a P/E ratio of 47.50, a price-to-earnings-growth ratio of -12.95 and a beta of 0.83. The Gym Group has a 52 week low of GBX 131.20 and a 52 week high of GBX 220. The company has a quick ratio of 0.27, a current ratio of 0.17 and a debt-to-equity ratio of 293.82. The company has a fifty day simple moving average of GBX 202.46 and a two-hundred day simple moving average of GBX 192.93.

The Gym Group (LON:GYM - Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported GBX 3.10 earnings per share for the quarter. The Gym Group had a net margin of 3.27% and a return on equity of 5.95%. Analysts anticipate that The Gym Group will post 0.2851177 earnings per share for the current fiscal year.

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.

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