The Gym Group (LON:GYM) Shares Down 1.6% – Should You Sell?

The Gym Group plc (LON:GYM)’s stock price dropped 1.6% during trading on Wednesday . The company traded as low as GBX 149.60 ($1.89) and last traded at GBX 149.60 ($1.89). Approximately 93,892 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 246,614 shares. The stock had previously closed at GBX 152 ($1.92).

Analysts Set New Price Targets

Several equities analysts recently commented on GYM shares. Deutsche Bank Aktiengesellschaft upped their price objective on The Gym Group from GBX 175 ($2.21) to GBX 185 ($2.33) and gave the company a “buy” rating in a research note on Thursday, September 12th. Shore Capital reiterated a “buy” rating on shares of The Gym Group in a research note on Wednesday, September 11th.

The Gym Group Stock Down 0.8 %

The stock’s 50 day moving average is GBX 158.15 and its 200 day moving average is GBX 144.09. The company has a market capitalization of £262.91 million, a PE ratio of -14,780.00, a PEG ratio of -12.95 and a beta of 1.75. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20.

Insider Transactions at The Gym Group

In other news, insider Elaine O’Donnell purchased 12,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were purchased at an average cost of GBX 161 ($2.03) per share, with a total value of £20,125 ($25,400.73). Corporate insiders own 2.53% of the company’s stock.

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.