The Gym Group (LON:GYM) Shares Down 7.2% - Here's What Happened

Key Points

• The Gym Group saw a significant share price decline of 7.2%, trading as low as GBX 136.60 ($1.85), with a notable decrease in trading volume.
• Analysts maintain a generally positive outlook with three firms issuing a "buy" rating and an average target price of GBX 193.33 for the stock.
• Recent earnings results showed The Gym Group reporting GBX 2.80 earnings per share, but it also faced negative financial metrics, including a return on equity of -1.64%.

The Gym Group plc (LON:GYM - Get Free Report) shares fell 7.2% on Wednesday . The company traded as low as GBX 136.60 ($1.85) and last traded at GBX 136.60 ($1.85). 206,863 shares changed hands during trading, a decline of 36% from the average session volume of 322,997 shares. The stock had previously closed at GBX 147.20 ($2.00).

Analyst Upgrades and Downgrades

A number of research firms recently commented on GYM. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 195 price target on shares of The Gym Group in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft lifted their target price on The Gym Group from GBX 195 to GBX 200 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 200 target price on shares of The Gym Group in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, The Gym Group has an average rating of "Buy" and an average target price of GBX 198.33.

The Gym Group Stock Performance

The company has a market capitalization of £261.06 million, a P/E ratio of 6,150.00, a PEG ratio of -12.95 and a beta of 1.75. The company has a debt-to-equity ratio of 307.68, a current ratio of 0.20 and a quick ratio of 0.27. The company has a fifty day moving average price of GBX 146.47 and a two-hundred day moving average price of GBX 142.48.

The Gym Group (LON:GYM - Get Free Report) last released its quarterly earnings results on Wednesday, September 10th. The company reported GBX 2.80 earnings per share for the quarter. The Gym Group had a negative return on equity of 1.64% and a negative net margin of 0.97%. Equities analysts forecast 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.