Numis Securities reiterated their buy rating on shares of Gamma Communications (LON:GAMA) in a report issued on Monday. Numis Securities currently has a GBX 810 ($10.98) price target on the stock.
Separately, Peel Hunt reaffirmed an add rating and set a GBX 733 ($9.94) price objective on shares of Gamma Communications in a report on Wednesday, January 3rd.
Shares of Gamma Communications (LON GAMA) traded up GBX 2 ($0.03) during mid-day trading on Monday, hitting GBX 642 ($8.71). The company’s stock had a trading volume of 110,391 shares, compared to its average volume of 32,341. The stock has a market capitalization of $600.79 and a price-to-earnings ratio of 3,057.14. Gamma Communications has a 12 month low of GBX 450.83 ($6.11) and a 12 month high of GBX 671.71 ($9.11).
In related news, insider Andrew Jonathan Stone sold 50,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of GBX 580 ($7.87), for a total transaction of £290,000 ($393,273.66). Also, insider Malcolm Goddard sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of GBX 632 ($8.57), for a total value of £25,280 ($34,282.61).
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Gamma Communications Company Profile
Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.
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