Peel Hunt Reiterates Add Rating for Gamma Communications PLC (GAMA)
Gamma Communications PLC (LON:GAMA)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday. They currently have a GBX 733 ($9.67) target price on the stock. Peel Hunt’s price target points to a potential upside of 22.17% from the stock’s current price.
Separately, Royal Bank Of Canada reissued a “sector performer” rating and issued a GBX 650 ($8.58) price target on shares of Gamma Communications PLC in a research note on Wednesday, September 6th.
In other news, insider Andrew Jonathan Stone sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of GBX 580 ($7.65), for a total transaction of £185,600 ($244,919.50). Over the last three months, insiders sold 207,500 shares of company stock worth $121,215,500.
Gamma Communications PLC Company Profile
Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.
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