Gamma Communications' (GAMA) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its "buy" rating on Gamma Communications (GAMA), with a target price of GBX 1,570, suggesting a potential upside of 57.16% from its current price.
• The stock has a current consensus rating of "buy" among market analysts, along with an average target price of GBX 1,535.
• Gamma Communications reported earnings of GBX 48 per share for the quarter, reflecting a net margin of 10.29% and a return on equity of 16.09%.

Gamma Communications (LON:GAMA - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 1,570 target price on the stock. Berenberg Bank's price objective would indicate a potential upside of 57.16% from the company's current price.

Separately, Shore Capital reissued a "buy" rating and issued a GBX 1,500 target price on shares of Gamma Communications in a research note on Tuesday, September 9th. Two 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 1,535.

Gamma Communications Trading Up 2.3%

GAMA stock traded up GBX 22.24 during trading on Friday, hitting GBX 999. The company had a trading volume of 280,542 shares, compared to its average volume of 637,386. The stock has a market cap of £920.68 million, a price-to-earnings ratio of 14.39, a PEG ratio of 2.79 and a beta of 0.82. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average price of GBX 1,027.29 and a 200-day moving average price of GBX 1,125.82. Gamma Communications has a 12 month low of GBX 952 and a 12 month high of GBX 1,917.60.

Gamma Communications (LON:GAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 48 earnings per share for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. As a group, analysts predict that Gamma Communications will post 89.6398892 earnings per share for the current year.

About Gamma Communications

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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