The Gym Group (LON:GYM) Stock Crosses Above 50-Day Moving Average – What’s Next?

The Gym Group plc (LON:GYM)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 206.02 and traded as high as GBX 210. The Gym Group shares last traded at GBX 210, with a volume of 240,907 shares changing hands.

Analyst Upgrades and Downgrades

GYM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a research note on Tuesday, June 9th. Shore Capital Group restated a “buy” rating and issued a GBX 280 target price on shares of The Gym Group in a report on Wednesday, July 8th. Finally, Berenberg Bank raised their target price on The Gym Group from GBX 235 to GBX 255 and gave the company a “buy” rating in a report on Monday, July 13th. Five investment 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 price target of GBX 229.

The Gym Group Stock Up 1.0%

The firm has a market capitalization of £368.96 million, a PE ratio of 53.00, a P/E/G ratio of -12.95 and a beta of 0.85. The stock has a 50-day simple moving average of GBX 206.02 and a 200-day simple moving average of GBX 186.87. The company has a quick ratio of 0.27, a current ratio of 0.15 and a debt-to-equity ratio of 289.13.

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.