Citigroup Cuts Gamma Communications (LON:GAMA) Price Target to GBX 1,400

Gamma Communications (LON:GAMA) had its price target cut by Citigroup from GBX 1,420 to GBX 1,400 in a report issued on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 price objective on shares of Gamma Communications in a report on Friday, October 17th. Peel Hunt restated a “buy” rating and set a GBX 1,820 target price on shares of Gamma Communications in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gamma Communications presently has a consensus rating of “Buy” and a consensus price target of GBX 1,572.50.

Gamma Communications Stock Performance

Shares of Gamma Communications stock opened at GBX 909 on Thursday. The stock’s fifty day simple moving average is GBX 919.03 and its 200 day simple moving average is GBX 999.77. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The company has a market capitalization of £837.84 million, a PE ratio of 13.10, a PEG ratio of 2.79 and a beta of 0.82. Gamma Communications has a 12 month low of GBX 867.57 and a 12 month high of GBX 1,448.

Insider Transactions at Gamma Communications

In other news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of GBX 945 per share, for a total transaction of £25,042.50. Corporate insiders own 4.44% of the company’s stock.

About Gamma Communications

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.