The Gym Group (LON:GYM) Stock Passes Above 50 Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYM)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Analysts Set New Price Targets

GYM has been the subject of several recent analyst reports. Berenberg Bank upped their price objective on The Gym Group from GBX 235 to GBX 255 and gave the stock a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 target price on shares of The Gym Group in a research report on Tuesday, June 9th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 280 target price on shares of The Gym Group in a research note on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, The Gym Group currently has an average rating of “Buy” and a consensus target price of GBX 229.

The Gym Group Stock Performance

The company has a debt-to-equity ratio of 289.13, a quick ratio of 0.27 and a current ratio of 0.15. The firm has a market cap of £360.02 million, a P/E ratio of 51.75, a P/E/G ratio of -12.95 and a beta of 0.85. The company’s 50 day moving average is GBX 206.70 and its 200 day moving average is GBX 187.31.

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.