The Gym Group (LON:GYM) Price Target Raised to GBX 230 at Deutsche Bank Aktiengesellschaft

The Gym Group (LON:GYM) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 230 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 29.94% from the stock’s current price.

Several other analysts also recently issued reports on GYM. Royal Bank Of Canada raised shares of The Gym Group to an “outperform” rating and upped their price objective for the stock from GBX 155 to GBX 200 in a report on Friday, January 16th. Berenberg Bank upped their price target on shares of The Gym Group from GBX 200 to GBX 230 and gave the company a “buy” rating in a report on Monday, January 19th. Finally, Shore Capital Group reiterated a “buy” rating on shares of The Gym Group in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Gym Group presently has a consensus rating of “Buy” and an average target price of GBX 208.

The Gym Group Stock Performance

GYM stock opened at GBX 177 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.19 and a debt-to-equity ratio of 295.70. The company has a market capitalization of £310.13 million, a price-to-earnings ratio of 43.17, a P/E/G ratio of -12.95 and a beta of 0.96. The Gym Group has a 12 month low of GBX 119 and a 12 month high of GBX 186.80. The firm has a 50 day moving average of GBX 169.99 and a two-hundred day moving average of GBX 152.48.

The Gym Group (LON:GYM) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share for the quarter. The Gym Group had a return on equity of 5.63% and a net margin of 3.19%. As a group, equities analysts anticipate that The Gym Group will post 0.2851177 EPS for the current fiscal year.

The Gym Group announced that its board has initiated a share repurchase plan on Thursday, January 15th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

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.