Citigroup Issues Pessimistic Forecast for Gamma Communications (LON:GAMA) Stock Price

Gamma Communications (LON:GAMA) had its price target reduced by Citigroup from GBX 1,420 to GBX 1,400 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 56.77% from the company’s previous close.

GAMA has been the subject of a number of other research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,820 price target on shares of Gamma Communications in a research report on Thursday, November 13th. Berenberg Bank restated a “buy” rating and issued a GBX 1,570 price objective on shares of Gamma Communications in a research note on Friday, October 17th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,572.50.

Gamma Communications Trading Up 0.6%

LON:GAMA traded up GBX 5 during mid-day trading on Thursday, hitting GBX 893. The company had a trading volume of 338,860 shares, compared to its average volume of 776,595. The firm has a market cap of £823.10 million, a P/E ratio of 12.87, a P/E/G ratio of 2.79 and a beta of 0.82. Gamma Communications has a fifty-two week low of GBX 867.57 and a fifty-two week high of GBX 1,448. The business’s fifty day moving average is GBX 921.69 and its two-hundred day moving average is GBX 1,002.97. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78.

Insider Activity at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell purchased 2,650 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of GBX 945 per share, with a total value of £25,042.50. Company insiders own 4.44% of the company’s stock.

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.