Gamma Communications (LON:GAMA) Price Target Raised to GBX 2,300

Gamma Communications (LON:GAMA) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 2,250 ($29.72) to GBX 2,300 ($30.38) in a report issued on Monday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on GAMA. Shore Capital reissued a buy rating on shares of Gamma Communications in a report on Tuesday, September 10th. Berenberg Bank began coverage on shares of Gamma Communications in a research report on Monday, June 3rd. They issued a buy rating and a GBX 1,980 ($26.16) target price on the stock.

Gamma Communications Stock Down 0.2 %

Gamma Communications stock opened at GBX 1,696 ($22.40) on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. The stock has a market capitalization of £1.62 billion, a PE ratio of 2,924.14, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The business has a 50 day simple moving average of GBX 1,522.25 and a 200-day simple moving average of GBX 1,425.06. Gamma Communications has a 12 month low of GBX 980.10 ($12.95) and a 12 month high of GBX 1,728 ($22.83).

Gamma Communications Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a GBX 6.50 ($0.09) dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 19th. Gamma Communications’s dividend payout ratio is presently 3,103.45%.

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.