Shore Capital Reiterates Buy Rating for Gamma Communications (LON:GAMA)

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 reiterated their buy rating on shares of Gamma Communications (LON:GAMA - Free Report) in a research note published on Tuesday, MarketBeat.com reports. Shore Capital currently has a GBX 1,500 price objective on the stock.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,570 target price on shares of Gamma Communications in a research note on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Gamma Communications presently has a consensus rating of "Buy" and an average target price of GBX 1,790.

Gamma Communications Price Performance

LON:GAMA traded up GBX 6 during mid-day trading on Tuesday, reaching GBX 992. The stock had a trading volume of 366,469 shares, compared to its average volume of 634,007. The stock has a 50-day simple moving average of GBX 1,077.79 and a two-hundred day simple moving average of GBX 1,176.27. The stock has a market capitalization of £914.23 million, a PE ratio of 1,377.78, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. Gamma Communications has a 12 month low of GBX 981 and a 12 month high of GBX 1,917.60.

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

About Gamma Communications

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.