Gamma Communications (LON:GAMA) Receives Buy Rating from Shore Capital

Key Points

• Shore Capital reaffirmed its "Buy" rating for Gamma Communications with a target price of GBX 1,500, suggesting a potential upside of 46.48% from its previous closing price.
• Berenberg Bank also issued a "Buy" rating, setting a higher target price of GBX 1,570, contributing to the overall positive outlook with an average target price of GBX 1,790 from three analysts.
• Gamma Communications reported GBX 48 earnings per share for its most recent quarter, with expectations of approximately 89.64 EPS for the current year.

Shore Capital restated their buy rating on shares of Gamma Communications (LON:GAMA - Free Report) in a report published on Tuesday, Marketbeat.com reports. They currently have a GBX 1,500 price target on the stock.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Gamma Communications has a consensus rating of "Buy" and a consensus price target of GBX 1,790.

Gamma Communications Trading Up 0.6%

LON:GAMA traded up GBX 6 during trading hours on Tuesday, hitting GBX 992. 366,469 shares of the company were exchanged, compared to its average volume of 634,007. The stock has a market capitalization of £914.23 million, a price-to-earnings ratio of 1,377.78, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. Gamma Communications has a one year low of GBX 981 and a one year high of GBX 1,917.60. The company has a fifty day simple moving average of GBX 1,077.79 and a 200 day simple moving average of GBX 1,177.36. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 48 earnings per share (EPS) for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. Sell-side analysts expect that Gamma Communications will post 89.6398892 EPS for the current fiscal year.

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.