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

Gamma Communications (LON:GAMAGet Free Report)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,900 ($23.25) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 38.08% from the stock’s previous close.

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

Get Our Latest Analysis on Gamma Communications

Gamma Communications Trading Down 2.3 %

Shares of GAMA traded down GBX 32 ($0.39) during trading hours on Tuesday, reaching GBX 1,376 ($16.84). The stock had a trading volume of 328,399 shares, compared to its average volume of 444,803. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.09. 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 firm has a 50-day moving average of GBX 1,569.24 and a 200 day moving average of GBX 1,556.09. The company has a market cap of £1.32 billion, a P/E ratio of 2,372.41, a P/E/G ratio of 2.79 and a beta of 0.82.

About Gamma Communications

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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.

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