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The Gym ( (GB:GYM) ) has issued an update.
The Gym Group PLC has announced a change in its major holdings, with Astaris Capital Management LLP acquiring a significant portion of voting rights. This acquisition increases Astaris’s total voting rights to 6.357808%, indicating a strategic move that could influence the company’s decision-making processes and potentially impact its market positioning.
The most recent analyst rating on (GB:GYM) stock is a Hold with a £1.60 price target. To see the full list of analyst forecasts on The Gym stock, see the GB:GYM Stock Forecast page.
Spark’s Take on GB:GYM Stock
According to Spark, TipRanks’ AI Analyst, GB:GYM is a Outperform.
The Gym Group shows strong financial recovery and growth prospects, supported by positive corporate events and strategic expansion plans. However, high leverage and overbought technical indicators present risks.
To see Spark’s full report on GB:GYM stock, click here.
More about The Gym
The Gym Group PLC operates in the fitness industry, providing affordable gym facilities and services primarily in the United Kingdom. The company focuses on offering flexible membership options and high-quality fitness equipment to cater to a broad market segment.
Average Trading Volume: 391,270
Technical Sentiment Signal: Buy
Current Market Cap: £271.7M
See more data about GYM stock on TipRanks’ Stock Analysis page.