Gamma Communications PLC (LON:GAMA) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 1,268.10 ($16.57) and last traded at GBX 1,217.50 ($15.91), with a volume of 5911 shares. The stock had previously closed at GBX 1,212.50 ($15.84).
A number of research firms have weighed in on GAMA. Jefferies Financial Group lifted their price target on shares of Gamma Communications from GBX 1,130 ($14.77) to GBX 1,270 ($16.59) and gave the stock a “buy” rating in a research note on Monday, August 12th. Peel Hunt reiterated an “add” rating on shares of Gamma Communications in a research note on Tuesday, October 8th. Barclays lifted their price target on shares of Gamma Communications from GBX 1,150 ($15.03) to GBX 1,250 ($16.33) and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada reiterated an “overweight” rating and set a GBX 1,250 ($16.33) price target on shares of Gamma Communications in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Gamma Communications has a consensus rating of “Buy” and an average target price of GBX 1,199 ($15.67).
The company has a debt-to-equity ratio of 6.73, a current ratio of 2.10 and a quick ratio of 1.98. The stock’s 50 day simple moving average is GBX 1,132.04 and its two-hundred day simple moving average is GBX 1,105.59. The stock has a market cap of $1.15 billion and a price-to-earnings ratio of 33.82.
The firm also recently declared a dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, September 26th were paid a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 0.3%. Gamma Communications’s dividend payout ratio is currently 0.28%.
Gamma Communications Company Profile (LON:GAMA)
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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