Gamma Communications (LON:GAMA) Given Buy Rating at Berenberg Bank

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 1,900 ($24.22) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 15.71% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Gamma Communications from GBX 2,250 ($28.68) to GBX 2,300 ($29.32) and gave the stock a “buy” rating in a report on Monday, September 16th.

Gamma Communications Stock Performance

Shares of LON GAMA opened at GBX 1,642 ($20.93) on Thursday. The company has a market capitalization of £1.57 billion, a PE ratio of 2,831.03, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.45 and a current ratio of 2.78. The company’s fifty day moving average price is GBX 1,615.89 and its 200 day moving average price is GBX 1,540.58. Gamma Communications has a 1 year low of GBX 1,020 ($13.00) and a 1 year high of GBX 1,917.60 ($24.45).

Insider Buying and Selling

In other Gamma Communications news, insider Martin Hellawell purchased 6,000 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of GBX 1,648 ($21.01) per share, for a total transaction of £98,880 ($126,058.13). 3.38% of the stock is owned by company insiders.

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.