Peel Hunt Downgrades Gear4music (G4M) to Hold


Gear4music (LON:G4M) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a research report issued on Friday. They presently have a GBX 500 ($6.53) target price on the stock, down from their previous target price of GBX 1,000 ($13.07). Peel Hunt’s price objective would suggest a potential upside of 112.77% from the stock’s current price.

G4M opened at GBX 235 ($3.07) on Friday. Gear4music has a 52 week low of GBX 505.20 ($6.60) and a 52 week high of GBX 894.64 ($11.69). Get Gear4music alerts:

Gear4music (LON:G4M) last released its earnings results on Tuesday, October 16th. The company reported GBX (1.80) (($0.02)) EPS for the quarter. About Gear4music

Gear4music (Holdings) plc engages in the retail of musical instruments and equipment in Europe and internationally. It offers electric, acoustic, and bass guitars; drums and percussion products, including electronic drums and drum pads, e-drum accessories, hybrid drumming products, acoustic drum kits, acoustic kit types, individual drums, cymbals, snare and frame drums, drum hardware products, drum accessories, and various percussion products; and pianos and keyboards, such as digital, acoustic, and grand pianos, as well as MIDI keyboards, synth key products, and accessories.