Berenberg Bank Reaffirms "Buy" Rating for Gamma Communications (LON:GAMA)

Berenberg Bank reiterated their buy rating on shares of Gamma Communications (LON:GAMA - Free Report) in a report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 1,900 ($24.24) price objective on the stock.

GAMA has been the topic of several other reports. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gamma Communications from GBX 2,250 ($28.71) to GBX 2,300 ($29.35) and gave the stock a "buy" rating in a research note on Monday, September 16th.

Gamma Communications Stock Performance

Shares of LON:GAMA traded up GBX 14 ($0.18) on Thursday, reaching GBX 1,642 ($20.95). The company's stock had a trading volume of 122,105 shares, compared to its average volume of 248,196. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. Gamma Communications has a 52-week low of GBX 1,020 ($13.02) and a 52-week high of GBX 1,917.60 ($24.47). The stock's 50-day moving average is GBX 1,617.45 and its two-hundred day moving average is GBX 1,539.87. The stock has a market capitalization of £1.57 billion, a P/E ratio of 2,806.90, a PEG ratio of 2.79 and a beta of 0.82.

Gamma Communications Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were issued a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 0.43%. Gamma Communications's dividend payout ratio (DPR) is currently 3,103.45%.

Insiders Place Their Bets

In related news, insider Martin Hellawell purchased 6,000 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of GBX 1,648 ($21.03) per share, with a total value of £98,880 ($126,170.73). 3.38% of the stock is currently owned by company insiders.

About Gamma Communications

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.