Numis Securities Reaffirms Buy Rating for Gamma Communications (GAMA)

Numis Securities restated their buy rating on shares of Gamma Communications (LON:GAMA) in a research report report published on Tuesday. They currently have a GBX 850 ($11.94) price target on the stock.

Separately, Peel Hunt reiterated an add rating and set a GBX 733 ($10.29) target price on shares of Gamma Communications in a research report on Wednesday, January 3rd.

Shares of Gamma Communications (LON:GAMA) opened at GBX 650.16 ($9.13) on Tuesday. The company has a market capitalization of $612.31 and a price-to-earnings ratio of 3,096.00. Gamma Communications has a 12-month low of GBX 450.83 ($6.33) and a 12-month high of GBX 710 ($9.97).

In other news, insider Malcolm Goddard sold 4,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of GBX 632 ($8.88), for a total value of £25,280 ($35,500.63).

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About Gamma Communications

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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