Berenberg Bank Reaffirms "Buy" Rating for Gamma Communications (LON:GAMA)

Key Points

• Berenberg Bank reiterated a Buy rating on Gamma Communications with a GBX 1,570 price target, implying about a 102.06% upside from the current price.
• Analyst consensus remains a Buy (four analysts) with an average target of GBX 1,572.50; Citigroup cut its target to GBX 1,400 but also maintained a Buy rating.
• Shares opened at GBX 777 (12‑month range GBX 750–1,376) with a market cap of ~£711.8m and a P/E of 11.20, leaving the stock trading well below analyst target levels.

Gamma Communications (LON:GAMA - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 1,570 price objective on the stock. Berenberg Bank's target price would suggest a potential upside of 102.06% from the stock's current price.

Separately, Citigroup decreased their target price on Gamma Communications from GBX 1,420 to GBX 1,400 and set a "buy" rating on the stock in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Gamma Communications has an average rating of "Buy" and a consensus target price of GBX 1,572.50.

Gamma Communications Price Performance

LON:GAMA opened at GBX 777 on Tuesday. Gamma Communications has a 12-month low of GBX 750 and a 12-month high of GBX 1,376. The firm has a market capitalization of £711.82 million, a price-to-earnings ratio of 11.20, a P/E/G ratio of 2.79 and a beta of 0.65. The stock's 50 day moving average price is GBX 891.23 and its two-hundred day moving average price is GBX 934.91. The company has a quick ratio of 2.45, a current ratio of 1.22 and a debt-to-equity ratio of 17.72.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.

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