Berenberg Bank Reiterates “Buy” Rating for Gamma Communications (LON:GAMA)

Berenberg Bank reissued their buy rating on shares of Gamma Communications (LON:GAMA) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 1,900 ($23.25) target price on the stock.

A number of other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Gamma Communications from GBX 2,250 ($27.53) to GBX 2,300 ($28.14) and gave the company a “buy” rating in a report on Monday, September 16th. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research note on Tuesday, September 24th.

Gamma Communications Stock Down 3.6 %

Shares of GAMA opened at GBX 1,332.11 ($16.30) on Tuesday. Gamma Communications has a fifty-two week low of GBX 1,100 ($13.46) and a fifty-two week high of GBX 1,917.60 ($23.46). The company’s fifty day moving average is GBX 1,555.65 and its two-hundred day moving average is GBX 1,554.86. The firm has a market cap of £1.28 billion, a PE ratio of 2,296.75, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. 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 Company Profile

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.