Shore Capital Reiterates Buy Rating for Gamma Communications (LON:GAMA)

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a report issued on Tuesday, MarketBeat reports. They presently have a GBX 1,500 price objective on the stock. Shore Capital’s price objective indicates a potential upside of 46.91% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,790.

Gamma Communications Price Performance

Shares of LON:GAMA opened at GBX 1,021.02 on Tuesday. 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 twelve month low of GBX 981 and a twelve month high of GBX 1,917.60. The stock’s 50 day moving average is GBX 1,083.67 and its 200-day moving average is GBX 1,181.88. The firm has a market capitalization of £940.97 million, a price-to-earnings ratio of 1,418.08, a PEG ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA) last issued its earnings results on Tuesday, September 9th. The company reported GBX 48 earnings per share for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. Sell-side analysts forecast that Gamma Communications will post 89.6398892 EPS for the current fiscal year.

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.