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

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 restated by Berenberg Bank in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 1,570 target price on the stock. Berenberg Bank's price target points to a potential upside of 58.27% from the company's current price.

Separately, Shore Capital cut their target price on shares of Gamma Communications from GBX 1,830 to GBX 1,500 and set a "buy" rating for the company in a research note on Monday, September 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 1,790.

Gamma Communications Stock Performance

LON:GAMA traded up GBX 6 during mid-day trading on Tuesday, hitting GBX 992. The stock had a trading volume of 366,469 shares, compared to its average volume of 634,007. Gamma Communications has a twelve month low of GBX 981 and a twelve month high of GBX 1,917.60. The stock has a market cap of £914.23 million, a price-to-earnings ratio of 1,377.78, a PEG ratio of 2.79 and a beta of 0.82. The company's 50 day simple moving average is GBX 1,077.79 and its 200 day simple moving average is GBX 1,176.27. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78.

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

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.