The Gym Group (LON:GYM) Share Price Breaks Below Fifty Day Moving Average – Here’s Why

The Gym Group plc (LON:GYM) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 191.98 and traded as low as GBX 186.50. The Gym Group shares last traded at GBX 187, with a volume of 72,511 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Shore Capital Group restated a “buy” rating and set a GBX 275 target price on shares of The Gym Group in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 230 price target on shares of The Gym Group in a research note on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 price target on shares of The Gym Group in a research note on Wednesday, September 9th. Berenberg Bank increased their price target on shares of The Gym Group from GBX 295 to GBX 300 and gave the company a “buy” rating in a research report on Friday, September 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Gym Group from GBX 205 to GBX 210 and gave the stock an “outperform” rating in a research note on Tuesday, September 22nd. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 253.

The Gym Group Stock Down 1.6%

The company has a market capitalization of £312.31 million, a P/E ratio of 40.22, a P/E/G ratio of -12.95 and a beta of 0.83. The company has a quick ratio of 0.27, a current ratio of 0.17 and a debt-to-equity ratio of 293.82. The firm has a fifty day simple moving average of GBX 191.46 and a 200-day simple moving average of GBX 194.65.

The Gym Group (LON:GYM) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX 3.10 earnings per share for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. On average, equities research analysts expect that The Gym Group plc will post 0.29 EPS for the current fiscal year.

The Gym Group Company Profile

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.