Gamma Communications PLC (LON:GAMA) Insider Malcolm Goddard Acquires 53,055 Shares of Stock

Gamma Communications PLC (LON:GAMA) insider Malcolm Goddard purchased 53,055 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of GBX 1,200 ($15.68) per share, for a total transaction of £636,660 ($831,909.06).

LON:GAMA opened at GBX 1,235 ($16.14) on Tuesday. Gamma Communications PLC has a one year low of GBX 700 ($9.15) and a one year high of GBX 1,268.10 ($16.57). The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.98 and a current ratio of 2.10. The firm has a market cap of $1.17 billion and a price-to-earnings ratio of 34.31. The firm’s fifty day moving average is GBX 1,168.85 and its two-hundred day moving average is GBX 1,116.86.

GAMA has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “overweight” rating and issued a GBX 1,250 ($16.33) price target on shares of Gamma Communications in a report on Friday, September 6th. Jefferies Financial Group upped their price target on shares of Gamma Communications from GBX 1,130 ($14.77) to GBX 1,270 ($16.59) and gave the company a “buy” rating in a report on Monday, August 12th. Barclays upped their price target on shares of Gamma Communications from GBX 1,150 ($15.03) to GBX 1,250 ($16.33) and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Peel Hunt reaffirmed an “add” rating on shares of Gamma Communications in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,199 ($15.67).

About Gamma Communications

Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.

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