The Gym Group (LON:GYM) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

The Gym Group plc (LON:GYM)’s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 194.49 and traded as low as GBX 179.50. The Gym Group shares last traded at GBX 179.50, with a volume of 166,458 shares.

Analyst Upgrades and Downgrades

Several brokerages 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 note on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 target price on shares of The Gym Group in a research note on Wednesday, September 9th. Shore Capital Group reiterated a “buy” rating and issued a GBX 275 price target on shares of The Gym Group in a report on Thursday, September 17th. Royal Bank Of Canada increased their price target on The Gym Group from GBX 205 to GBX 210 and gave the stock an “outperform” rating in a research note on Tuesday, September 22nd. Finally, Berenberg Bank increased their price target on The Gym Group from GBX 295 to GBX 300 and gave the stock a “buy” rating in a research note on Friday, September 18th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 253.

The Gym Group Stock Performance

The company has a market cap of £322.66 million, a price-to-earnings ratio of 41.56, a P/E/G ratio of -12.95 and a beta of 0.83. The company has a current ratio of 0.17, a quick ratio of 0.27 and a debt-to-equity ratio of 293.82. The stock’s 50 day moving average price is GBX 193.55 and its 200 day moving average price is GBX 194.22.

The Gym Group (LON:GYM) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX 3.10 EPS for the quarter. The Gym Group had a net margin of 3.27% and a return on equity of 5.95%. On average, analysts expect that The Gym Group plc will post 0.29 EPS for the current fiscal year.

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.