Numis Securities Reaffirms Buy Rating for Gamma Communications (GAMA)

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities in a report released on Monday. They currently have a GBX 810 ($10.98) target price on the stock. Numis Securities’ price target points to a potential upside of 26.17% from the company’s current price.

Separately, Peel Hunt reaffirmed an “add” rating and set a GBX 733 ($9.94) price objective on shares of Gamma Communications in a research note on Monday, October 2nd.

Shares of Gamma Communications (GAMA) opened at GBX 642 ($8.71) on Monday. Gamma Communications has a 52 week low of GBX 450.83 ($6.11) and a 52 week high of GBX 671.71 ($9.11). The company has a market cap of $598.92 and a PE ratio of 3,057.14.

In other news, insider Andrew Jonathan Stone sold 50,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of GBX 580 ($7.87), for a total value of £290,000 ($393,273.66). Also, insider Malcolm Goddard sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of GBX 632 ($8.57), for a total value of £25,280 ($34,282.61).

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About Gamma Communications

Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.

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