Gamma Communications (LON:GAMA) Given New GBX 1,420 Price Target at Peel Hunt

Gamma Communications (LON:GAMA) had its price target raised by equities researchers at Peel Hunt from GBX 1,100 ($14.47) to GBX 1,420 ($18.68) in a report released on Monday, Digital Look reports. The firm currently has an “add” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 4.80% from the stock’s current price.

Other equities analysts have also issued reports about the company. Barclays reissued an “overweight” rating on shares of Gamma Communications in a report on Friday, January 10th. Jefferies Financial Group lowered Gamma Communications to a “hold” rating and cut their price target for the stock from GBX 1,320 ($17.36) to GBX 1,280 ($16.84) in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,290.83 ($16.98).

LON GAMA traded up GBX 20 ($0.26) on Monday, hitting GBX 1,355 ($17.82). 52,111 shares of the stock traded hands, compared to its average volume of 61,573. The business’s fifty day moving average is GBX 1,292.50 and its two-hundred day moving average is GBX 1,153.43. Gamma Communications has a 12 month low of GBX 732 ($9.63) and a 12 month high of GBX 1,415 ($18.61). The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 37.64. The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.98 and a current ratio of 2.10.

In related news, insider Malcolm Goddard sold 2,975 shares of Gamma Communications stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of GBX 1,210 ($15.92), for a total transaction of £35,997.50 ($47,352.67). Also, insider Andrew Jonathan Stone sold 23,962 shares of Gamma Communications stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,364 ($17.94), for a total value of £326,841.68 ($429,941.70). Insiders sold 147,975 shares of company stock valued at $191,820,788 over the last ninety days.

Gamma Communications Company Profile

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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Analyst Recommendations for Gamma Communications (LON:GAMA)

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