The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

 164.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 164.00p
  • 52 Week Low: 98.20p
  • Currency: UK Pounds
  • Shares Issued: 179.28m
  • Volume: 773,824
  • Market Cap: £294.03m
  • RiskGrade: 80
  • Beta: 0.38

Berenberg upgrades The Gym Group to 'buy'

By Iain Gilbert

Date: Monday 22 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded their stance on The Gym Group from 'hold' to 'buy' on Monday and hiked their target price on the stock from 121.0p to 180.0p, stating the company was "in good shape".
Berenberg said The Gym Group had "a tough 2023", with a substantially reduced number of site rollouts, fairly underwhelming growth and significant margin deterioration.

"We therefore entered 2024 happy to wait for signs of improvement in the business," said Berenberg.

The German banks stated The Gym Group's recent H1 trading update had left it feeling "encouraged" that the group was in good shape.

Furthermore, Berenberg stated its analysis suggested there was still "significant white space" to grow into, that cost pressures were subsiding and that there was scope for potential shareholder returns as the business continues to generate cash.

"The business is very cash-flow-generative and we estimate cash conversion from EBITDA pre-expansionary capex of 60%. With new sites fully funded through FCF, we estimate leverage will fall to the bottom end of the target range, leaving scope for shareholder returns," it concluded.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

The Gym Group Market Data

Currency UK Pounds
Share Price 164.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 164.00p
52 Week Low 98.20p
Volume 773,824
Shares Issued 179.28m
Market Cap £294.03m
Beta 0.38
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average
84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average
Income Not Available
Growth
40.52% above the market average40.52% above the market average40.52% above the market average40.52% above the market average40.52% above the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

The Gym Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 23-May-19
Paid 11-Oct-19 14-Jun-19
Amount 0.45p 0.95p

Trades for 08-Nov-2024

Time Volume / Share Price
09:08 280,000 @ 160.00p
14:04 104,604 @ 160.38p
16:35 11,686 @ 164.00p
16:35 52 @ 164.00p
16:35 2,285 @ 164.00p

The Gym Group Key Personnel

CFO Luke Tait

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