The Gym Group (LON:GYM) Shares Pass Below Fifty Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYMGet Free Report)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 201.44 and traded as low as GBX 199.50. The Gym Group shares last traded at GBX 201, with a volume of 183,670 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a research report on Tuesday, June 9th. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 price objective on shares of The Gym Group in a report on Wednesday, July 8th. Finally, Berenberg Bank increased their target price on The Gym Group from GBX 235 to GBX 255 and gave the stock a “buy” rating in a research note on Monday, July 13th. Five 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 target price of GBX 229.

View Our Latest Stock Analysis on The Gym Group

The Gym Group Stock Performance

The company has a market capitalization of £356.78 million, a price-to-earnings ratio of 51.25, a price-to-earnings-growth ratio of -12.95 and a beta of 0.85. 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’s fifty day simple moving average is GBX 201.44 and its 200-day simple moving average is GBX 182.72.

About The Gym Group

(Get Free Report)

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.

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