The Gym Group (LON:GYM) Shares Pass Above 50 Day Moving Average – Time to Sell?

The Gym Group plc (LON:GYM)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 207.33 and traded as high as GBX 210. The Gym Group shares last traded at GBX 210, with a volume of 366,163 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GYM shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 230 price target on shares of The Gym Group in a report on Tuesday, June 9th. Berenberg Bank lifted their price target on shares of The Gym Group from GBX 255 to GBX 295 and gave the company a “buy” rating in a research report on Friday. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 280 price target on shares of The Gym Group in a research note on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Gym Group currently has a consensus rating of “Buy” and an average price target of GBX 237.

The Gym Group Stock Performance

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 firm has a market capitalization of £366.74 million, a PE ratio of 52.72, a price-to-earnings-growth ratio of -12.95 and a beta of 0.84. The firm has a 50-day moving average price of GBX 207.41 and a 200 day moving average price of GBX 188.68.

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.