Berenberg Bank Forecasts Strong Price Appreciation for The Gym Group (LON:GYM) Stock

The Gym Group (LON:GYM) had its target price increased by equities researchers at Berenberg Bank from GBX 235 to GBX 255 in a research note issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.25% from the company’s current price.

A number of other research firms have also recently issued reports on GYM. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price objective on shares of The Gym Group in a research report on Tuesday, June 9th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 target price on shares of The Gym Group in a research report on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 229.

The Gym Group Trading Up 0.3%

LON:GYM opened at GBX 208.59 on Monday. The Gym Group has a 12 month low of GBX 131.20 and a 12 month high of GBX 220. The company has a current ratio of 0.15, a quick ratio of 0.27 and a debt-to-equity ratio of 289.13. The stock has a market capitalization of £363.03 million, a price-to-earnings ratio of 52.15, a PEG ratio of -12.95 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 198.83 and a two-hundred day simple moving average of GBX 180.40.

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.