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The Gym ( (GB:GYM) ) just unveiled an update.
The Gym Group PLC has announced a change in its major holdings, as Oxy Capital – SGOIC, S.A., based in Lisbon, Portugal, has acquired a 3.487941% voting rights stake in the company. This acquisition reflects a significant shift in the ownership structure and could influence the company’s strategic direction, potentially impacting stakeholders and the overall market positioning of The Gym Group.
The most recent analyst rating on (GB:GYM) stock is a Hold with a £1.45 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, offering affordable gym memberships with a focus on accessibility and flexibility. The company is based in the UK and targets a wide range of customers looking for budget-friendly fitness options.
Average Trading Volume: 222,742
Technical Sentiment Signal: Buy
Current Market Cap: £270.7M
For a thorough assessment of GYM stock, go to TipRanks’ Stock Analysis page.