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An announcement from The Gym ( (GB:GYM) ) is now available.
The Gym Group plc has launched a share buyback programme of up to £10 million, with purchases of ordinary shares to begin immediately and run until 31 December 2026 unless completed or terminated earlier. The company has appointed Peel Hunt LLP to execute the buyback independently on the London Stock Exchange, with all repurchased shares to be sold on to The Gym Group and cancelled, reducing the company’s share capital and returning cash to shareholders. The programme is subject to existing and future shareholder authorities and will be carried out in line with UK market abuse regulations and listing rules, underscoring the company’s intent to manage its capital structure actively and potentially enhance shareholder value.
The most recent analyst rating on (GB:GYM) stock is a Buy with a £179.00 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 is a leading low-cost gym operator in the UK, offering affordable, no-frills fitness facilities aimed at value-focused consumers across its nationwide estate.
Average Trading Volume: 177,246
Technical Sentiment Signal: Buy
Current Market Cap: £275.4M
Learn more about GYM stock on TipRanks’ Stock Analysis page.