Gamma Communications’ (GAMA) “Buy” Rating Reiterated at Berenberg Bank

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,900 ($23.25) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 38.08% from the company’s previous close.

A number of other research firms have also recently issued reports on GAMA. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Gamma Communications from GBX 2,250 ($27.53) to GBX 2,300 ($28.14) and gave the company a “buy” rating in a research report on Monday, September 16th.

Gamma Communications Price Performance

Gamma Communications stock traded down GBX 32 ($0.39) during midday trading on Tuesday, reaching GBX 1,376 ($16.84). The company’s stock had a trading volume of 328,399 shares, compared to its average volume of 444,803. Gamma Communications has a 52 week low of GBX 1,072 ($13.12) and a 52 week high of GBX 1,917.60 ($23.47). The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of GBX 1,569.24 and a 200-day moving average price of GBX 1,556.09. The stock has a market cap of £1.32 billion, a PE ratio of 2,372.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

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.