Gamma Communications (LON:GAMA) Given New GBX 2,000 Price Target at Berenberg Bank

Gamma Communications (LON:GAMA) had its target price boosted by Berenberg Bank from GBX 1,900 ($24.28) to GBX 2,000 ($25.56) in a research note published on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a report on Tuesday, March 25th.

Gamma Communications Trading Down 2.3 %

GAMA traded down GBX 28 ($0.36) during midday trading on Tuesday, reaching GBX 1,174 ($15.00). 1,531,247 shares of the company’s stock traded hands, compared to its average volume of 530,007. Gamma Communications has a 52 week low of GBX 1,136 ($14.52) and a 52 week high of GBX 1,917.60 ($24.50). The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The firm has a fifty day moving average of GBX 1,299.52 and a two-hundred day moving average of GBX 1,468.91. The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 85.10 ($1.09) EPS for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, equities analysts anticipate that Gamma Communications will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 29th will be given a GBX 13 ($0.17) dividend. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, May 29th. This is a positive change from Gamma Communications’s previous dividend of $6.50. Gamma Communications’s payout ratio is currently 30.70%.

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.