The Gym Group (LON:GYM) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• The Gym Group shares fell below their 50-day moving average, reaching GBX 180 compared with the GBX 199 average, on trading volume of 961,134 shares.
• Despite the technical decline, analysts remain positive: all five covering analysts rate the stock “Buy,” with a consensus price target of GBX 253.
• The company reported quarterly earnings of GBX 3.10 per share, while its financial profile includes a £311.88 million market capitalization and a high debt-to-equity ratio of 293.82.

The Gym Group plc (LON:GYM - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 199 and traded as low as GBX 180. The Gym Group shares last traded at GBX 180, with a volume of 961,134 shares.

Wall Street Analyst Weigh In

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

The Gym Group Stock Performance

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 cap of £311.88 million, a P/E ratio of 45.00, a price-to-earnings-growth ratio of -12.95 and a beta of 0.83. The company has a 50 day moving average price of GBX 199 and a 200-day moving average price of GBX 193.46.

The Gym Group (LON:GYM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported GBX 3.10 earnings per share for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. On average, equities analysts expect that The Gym Group plc will post 0.2851177 earnings per share 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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