Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The Gym ( (GB:GYM) ) just unveiled an announcement.
The Gym Group plc has repurchased 19,254 of its own ordinary shares at a price of 167.77 pence per share through Peel Hunt LLP and intends to cancel these shares. Following the cancellation, the company’s issued share capital will be reduced to 179,597,666 shares, all of which carry voting rights, slightly consolidating existing shareholders’ stakes and adjusting the denominator used for regulatory reporting of major shareholdings under UK disclosure rules.
The most recent analyst rating on (GB:GYM) stock is a Hold with a £176.00 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 Neutral.
The Gym Group’s stock score is driven by strong financial recovery and positive earnings call sentiment. However, high leverage and a relatively high P/E ratio pose risks. Technical indicators suggest moderate bullish momentum, while strategic initiatives like the employee share scheme support future growth.
To see Spark’s full report on GB:GYM stock, click here.
More about The Gym
The Gym Group plc operates low-cost, no-contract fitness clubs across the UK, providing 24/7 gym access aimed at value-conscious consumers in the health and fitness market.
Average Trading Volume: 190,056
Technical Sentiment Signal: Buy
Current Market Cap: £294.1M
See more insights into GYM stock on TipRanks’ Stock Analysis page.