Gamma Communications (LON:GAMA) had its target price boosted by equities research analysts at Jefferies Financial Group from GBX 1,130 ($14.77) to GBX 1,270 ($16.59) in a report issued on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.98% from the company’s current price.
Several other research firms have also recently weighed in on GAMA. Barclays lifted their price objective on shares of Gamma Communications from GBX 1,100 ($14.37) to GBX 1,150 ($15.03) and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Numis Securities reiterated an “add” rating on shares of Gamma Communications in a research report on Thursday, May 16th. Finally, Peel Hunt reiterated an “add” rating on shares of Gamma Communications in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,065 ($13.92).
LON GAMA opened at GBX 1,095 ($14.31) on Monday. Gamma Communications has a 1-year low of GBX 640 ($8.36) and a 1-year high of GBX 1,250 ($16.33). The company has a debt-to-equity ratio of 3.62, a quick ratio of 2.04 and a current ratio of 2.17. The stock has a market capitalization of $1.04 billion and a P/E ratio of 36.50. The firm has a 50 day moving average price of GBX 1,071.93.
Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.
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