The Gym Group (LON:GYM) Stock Crosses Above Fifty Day Moving Average – Here’s Why

The Gym Group plc (LON:GYM)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 207.21 and traded as high as GBX 211. The Gym Group shares last traded at GBX 211, with a volume of 80,553 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GYM. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a research note on Tuesday, June 9th. Berenberg Bank boosted their price objective on shares of The Gym Group from GBX 255 to GBX 295 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 280 price objective on shares of The Gym Group in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, The Gym Group has a consensus rating of “Buy” and a consensus price target of GBX 237.

The Gym Group Trading Up 1.9%

The firm has a market cap of £366.98 million, a price-to-earnings ratio of 52.75, a price-to-earnings-growth ratio of -12.95 and a beta of 0.84. The company has a quick ratio of 0.27, a current ratio of 0.15 and a debt-to-equity ratio of 289.13. The business has a 50 day moving average price of GBX 207.21 and a 200-day moving average price of GBX 190.15.

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.