Gamma Communications (LON:GAMA) Receives Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Gamma Communications (LON:GAMA) with a target price of GBX 1,570, indicating a potential upside of 53.32% from its current price.
• Shore Capital lowered its price target for Gamma Communications from GBX 1,830 to GBX 1,500, still maintaining a "buy" rating.
• The company's recent quarterly earnings showed an EPS of GBX 48, with 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 stock analysts at Berenberg Bank in a report released on Tuesday, MarketBeat Ratings reports. They presently have a GBX 1,570 price target on the stock. Berenberg Bank's price target would suggest a potential upside of 58.27% from the stock's current price.

Separately, Shore Capital dropped their price objective on Gamma Communications from GBX 1,830 to GBX 1,500 and set a "buy" rating for the company in a report on Monday, September 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 1,790.

Gamma Communications Trading Up 0.6%

Shares of LON GAMA traded up GBX 6 during mid-day trading on Tuesday, hitting GBX 992. The company's stock had a trading volume of 366,469 shares, compared to its average volume of 634,007. Gamma Communications has a one year low of GBX 981 and a one year high of GBX 1,917.60. The company's fifty day simple moving average is GBX 1,077.79 and its 200-day simple moving average is GBX 1,177.36. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The stock has a market cap of £914.23 million, a price-to-earnings ratio of 1,377.78, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Gamma Communications will post 89.6398892 earnings per share for the current fiscal 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.