The Gym Group (LON:GYM) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• The Gym Group shares fell below their 50-day moving average, trading as low as GBX 179.50 versus the GBX 194.49 average, with 166,458 shares changing hands.
• Analysts remain broadly optimistic: all five tracked analysts rate the stock a Buy, with a consensus price target of GBX 253, well above the latest trading price.
• The company reported quarterly EPS of GBX 3.10, but its balance sheet shows high leverage, including a 293.82 debt-to-equity ratio; market capitalization stands at approximately £313.47 million.

The Gym Group plc (LON:GYM - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 194.49 and traded as low as GBX 179.50. The Gym Group shares last traded at GBX 179.50, with a volume of 166,458 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 230 price target on shares of The Gym Group in a report on Friday, September 4th. Berenberg Bank upped their price objective on The Gym Group from GBX 295 to GBX 300 and gave the company a "buy" rating in a research note on Friday, September 18th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 250 price objective on shares of The Gym Group in a research note on Wednesday, September 9th. Shore Capital Group reaffirmed a "buy" rating and set a GBX 275 price objective on shares of The Gym Group in a research report on Thursday, September 17th. Finally, Royal Bank Of Canada lifted their target price on The Gym Group from GBX 205 to GBX 210 and gave the company an "outperform" rating in a research note on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 253.

The Gym Group Stock Up 1.2%

The company has a current ratio of 0.17, a quick ratio of 0.27 and a debt-to-equity ratio of 293.82. The company has a market capitalization of £313.47 million, a price-to-earnings ratio of 40.37, a PEG ratio of -12.95 and a beta of 0.83. The firm's 50 day simple moving average is GBX 194.49 and its 200-day simple moving average is GBX 194.07.

The Gym Group (LON:GYM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported GBX 3.10 EPS for the quarter. The Gym Group had a net margin of 3.27% and a return on equity of 5.95%. On average, sell-side analysts anticipate that The Gym Group plc will post 0.29 EPS for the current fiscal year.

The Gym Group Company Profile

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.

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