Gamma Communications (LON:GAMA) Earns “Overweight” Rating from Barclays

Barclays reaffirmed their overweight rating on shares of Gamma Communications (LON:GAMA – Get Rating) in a research report released on Wednesday, Marketbeat.com reports. They currently have a GBX 2,150 ($27.05) target price on the stock.

Separately, JPMorgan Chase & Co. restated an overweight rating and set a GBX 2,150 ($27.05) price objective on shares of Gamma Communications in a research note on Thursday, May 19th.

Shares of GAMA opened at GBX 1,200 ($15.10) on Wednesday. Gamma Communications has a 1 year low of GBX 1,070 ($13.46) and a 1 year high of GBX 2,350 ($29.57). The company has a market cap of £1.16 billion and a price-to-earnings ratio of 21.74. The company has a debt-to-equity ratio of 5.98, a quick ratio of 2.36 and a current ratio of 2.48. The firm has a fifty day moving average of GBX 1,251.81 and a 200-day moving average of GBX 1,481.10.

The business also recently declared a dividend, which will be paid on Thursday, June 23rd. Investors of record on Wednesday, June 1st will be paid a GBX 8.80 ($0.11) dividend. The ex-dividend date is Wednesday, June 1st. This represents a yield of 0.58%. This is a boost from Gamma Communications’s previous dividend of $4.40. Gamma Communications’s dividend payout ratio (DPR) is currently 0.22%.

In other news, insider Richard Last purchased 1,500 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was acquired at an average price of GBX 1,326 ($16.69) per share, with a total value of £19,890 ($25,028.31). Also, insider Martin Lea purchased 985 shares of the stock in a transaction that occurred on Wednesday, April 27th. The stock was purchased at an average cost of GBX 1,217 ($15.31) per share, with a total value of £11,987.45 ($15,084.25).

Gamma Communications Company Profile (Get Rating)

Gamma Communications plc provides communications and software services for small, medium, and large sized business. It offers strategic services, such as collaboration, cloud PBX, SIP trunking, and inbound call control services; enabling services, including ethernet, broadband, network, and mobile; and traditional call and line services.

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