Gamma Communications (LON:GAMA) Price Target Raised to GBX 1,150

Gamma Communications (LON:GAMA) had its target price boosted by Barclays from GBX 1,100 ($14.37) to GBX 1,150 ($15.03) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the company. Peel Hunt reduced their price target on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a buy rating for the company in a research report on Wednesday. Numis Securities reaffirmed a buy rating on shares of 3i Group in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,024 ($13.38).

LON:GAMA opened at GBX 1,050 ($13.72) on Thursday. Gamma Communications has a twelve month low of GBX 640 ($8.36) and a twelve month high of GBX 1,250 ($16.33). The company has a current ratio of 2.17, a quick ratio of 2.04 and a debt-to-equity ratio of 3.62. The business’s 50 day moving average price is GBX 1,127.70. The firm has a market cap of $989.55 million and a P/E ratio of 35.00.

In other news, insider Andrew Jonathan Stone sold 200,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of GBX 1,095 ($14.31), for a total value of £2,190,000 ($2,861,622.89). Also, insider Henrietta Marsh acquired 1,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of GBX 1,100 ($14.37) per share, with a total value of £11,000 ($14,373.45).

About Gamma Communications

Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.

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