Shore Capital Lowers Gamma Communications (LON:GAMA) Price Target to GBX 1,500

Key Points

• Shore Capital has reduced the price target for **Gamma Communications** from **GBX 1,830** to **GBX 1,500**, while maintaining a **"buy" rating** on the stock.
• The stock opened at **GBX 1,061.70** and has a **market capitalization** of **£978.42 million** with notable financial ratios, including a **debt-to-equity ratio** of **2.08**.
• Gamma Communications offers various **technology-based communications** services aimed at improving business productivity, agility, and collaboration across Europe.

Gamma Communications (LON:GAMA - Free Report) had its price target decreased by Shore Capital from GBX 1,830 to GBX 1,500 in a research report sent to investors on Monday morning, Marketbeat reports. Shore Capital currently has a buy rating on the stock.

Gamma Communications Stock Performance

Shares of GAMA traded up GBX 18 during mid-day trading on Monday, hitting GBX 1,046. 305,313 shares of the company's stock were exchanged, compared to its average volume of 606,009. Gamma Communications has a 52 week low of GBX 1,028 and a 52 week high of GBX 1,917.60. The stock's 50-day simple moving average is GBX 1,092.53 and its 200-day simple moving average is GBX 1,192.66. The firm has a market cap of £963.95 million, a price-to-earnings ratio of 1,452.78, a price-to-earnings-growth 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.

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.