Berenberg Bank Issues Positive Forecast for Gamma Communications (LON:GAMA) Stock Price

Gamma Communications (LON:GAMA - Get Free Report) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 1,900 ($24.86) to GBX 2,000 ($26.17) in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 62.34% from the company's previous close.

Separately, Shore Capital reissued a "buy" rating on shares of Gamma Communications in a research report on Tuesday, March 25th.

Gamma Communications Stock Up 2.8 %

Shares of LON GAMA traded up GBX 34 ($0.44) on Tuesday, hitting GBX 1,232 ($16.12). The company had a trading volume of 9,291,327 shares, compared to its average volume of 669,127. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. Gamma Communications has a 12-month low of GBX 1,132 ($14.81) and a 12-month high of GBX 1,917.60 ($25.09). The firm has a market capitalization of £1.18 billion, a P/E ratio of 21.01, a PEG ratio of 2.79 and a beta of 0.82. The business has a 50 day moving average of GBX 1,286.60 and a two-hundred day moving average of GBX 1,456.01.

Gamma Communications (LON:GAMA - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.11) earnings per share for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. As a group, equities research analysts forecast that Gamma Communications will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.