The Gym Group (LON:GYM) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

The Gym Group plc (LON:GYMGet Free Report)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 177.19 and traded as high as GBX 194. The Gym Group shares last traded at GBX 189.02, with a volume of 4,923,891 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GYM. Shore Capital Group restated a “buy” rating on shares of The Gym Group in a research report on Thursday, March 19th. Berenberg Bank raised their price objective on shares of The Gym Group from GBX 230 to GBX 235 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Gym Group from GBX 210 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, The Gym Group currently has an average rating of “Buy” and a consensus target price of GBX 209.

View Our Latest Research Report on The Gym Group

The Gym Group Stock Down 2.1%

The company has a debt-to-equity ratio of 289.13, a quick ratio of 0.27 and a current ratio of 0.15. The stock has a market cap of £329.20 million, a price-to-earnings ratio of 47.26, a PEG ratio of -12.95 and a beta of 0.84. The firm’s 50-day simple moving average is GBX 177.19 and its two-hundred day simple moving average is GBX 163.10.

The Gym Group (LON:GYMGet Free Report) last issued its earnings results on Wednesday, March 11th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The Gym Group had a net margin of 3.02% and a return on equity of 5.35%. On average, sell-side analysts expect that The Gym Group plc will post 0.2851177 EPS for the current fiscal year.

About The Gym Group

(Get Free Report)

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.

Further Reading

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