Gamma Communications PLC (LON:GAMA) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 906.25 ($11.84).
GAMA has been the topic of several analyst reports. Peel Hunt reaffirmed a “buy” rating on shares of Gamma Communications in a research note on Friday, November 2nd. Barclays lifted their price target on shares of Gamma Communications from GBX 775 ($10.13) to GBX 1,000 ($13.07) and gave the stock an “overweight” rating in a research note on Tuesday, September 11th. Numis Securities reaffirmed an “under review” rating on shares of Gamma Communications in a research note on Tuesday, September 4th. Citigroup lifted their price target on shares of Gamma Communications from GBX 930 ($12.15) to GBX 1,025 ($13.39) and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Finally, Royal Bank of Canada downgraded shares of Gamma Communications to an “underperform” rating and lifted their price target for the stock from GBX 675 ($8.82) to GBX 750 ($9.80) in a research note on Thursday, October 11th.
Gamma Communications stock traded up GBX 32 ($0.42) during trading hours on Friday, reaching GBX 836 ($10.92). The company had a trading volume of 76,398 shares, compared to its average volume of 61,573. Gamma Communications has a 12-month low of GBX 463 ($6.05) and a 12-month high of GBX 770 ($10.06).
About Gamma Communications
Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.
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