The Gym Group (LON:GYM) Shares Break Above 200-Day Moving Average - Here's What Happened

Key Points

• The Gym Group shares moved above their 200-day moving average, reaching GBX 190 before last trading at GBX 188.50 on volume of 32,357 shares.
• Analysts remain bullish: all five covering analysts rate the stock “Buy,” with an average price target of GBX 253 and targets ranging from GBX 210 to GBX 300.
• The company reported quarterly EPS of GBX 3.10, but its financial profile includes high leverage and limited liquidity, with a debt-to-equity ratio of 293.82 and a current ratio of 0.17.

Shares of The Gym Group plc (LON:GYM - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 188.04 and traded as high as GBX 190. The Gym Group shares last traded at GBX 188.50, with a volume of 32,357 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently commented on GYM shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 230 target price on shares of The Gym Group in a research note on Friday, September 4th. Royal Bank Of Canada boosted their price target on The Gym Group from GBX 205 to GBX 210 and gave the company an "outperform" rating in a report on Tuesday, September 22nd. Shore Capital Group restated a "buy" rating and issued a GBX 275 price objective on shares of The Gym Group in a research report on Thursday, September 17th. Berenberg Bank raised their price objective on shares of The Gym Group from GBX 295 to GBX 300 and gave the stock a "buy" rating in a research note on Friday, September 18th. Finally, 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. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, The Gym Group presently has an average rating of "Buy" and an average target price of GBX 253.

The Gym Group Stock Performance

The firm's 50 day moving average price is GBX 189.40 and its 200-day moving average price is GBX 188.04. The company has a debt-to-equity ratio of 293.82, a quick ratio of 0.27 and a current ratio of 0.17. The firm has a market capitalization of £325.25 million, a PE ratio of 41.89, a price-to-earnings-growth ratio of -12.95 and a beta of 0.83.

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