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

Key Points

• The Gym Group’s shares fell below their 50-day moving average, trading as low as GBX 186.50 compared with the average of GBX 191.98, and last changing hands at GBX 187.
• Analysts remain broadly positive: all five covering analysts rate the stock a Buy, with a consensus price target of GBX 253. Recent targets range from GBX 210 to GBX 300.
• The company reported quarterly EPS of GBX 3.10, alongside a 5.95% return on equity and 3.27% net margin. Its market capitalization is approximately £324.4 million, though it carries a high debt-to-equity ratio of 293.82.

The Gym Group plc (LON:GYM - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 191.98 and traded as low as GBX 186.50. The Gym Group shares last traded at GBX 187, with a volume of 72,511 shares trading hands.

Wall Street Analyst Weigh In

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

The Gym Group Stock Performance

The firm has a market cap of £324.39 million, a P/E ratio of 41.78, a PEG ratio of -12.95 and a beta of 0.83. 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's 50-day moving average is GBX 191.98 and its two-hundred day moving average is GBX 194.57.

The Gym Group (LON:GYM - Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported GBX 3.10 earnings per share (EPS) for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. As a group, equities analysts predict that The Gym Group plc will post 0.29 EPS for the current fiscal year.

About The Gym Group

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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