Team17 Group plc (LON:TM17) Receives GBX 386.25 Average Target Price from Analysts

Shares of Team17 Group plc (LON:TM17) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 386.25 ($4.85).

A number of brokerages have recently issued reports on TM17. Citigroup restated a “buy” rating on shares of Team17 Group in a research note on Friday, May 3rd. Barclays boosted their target price on Team17 Group from GBX 265 ($3.33) to GBX 310 ($3.89) and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 230 ($2.89) price objective on shares of Team17 Group in a report on Friday, April 19th. Shore Capital reaffirmed a “buy” rating on shares of Team17 Group in a research note on Tuesday, April 16th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.16) target price on shares of Team17 Group in a report on Tuesday, April 16th.

Team17 Group Stock Performance

TM17 stock opened at GBX 279 ($3.51) on Friday. The company has a quick ratio of 2.28, a current ratio of 2.08 and a debt-to-equity ratio of 1.45. The company has a market capitalization of £406.78 million, a price-to-earnings ratio of -9,300.00, a P/E/G ratio of 3.16 and a beta of 0.38. The firm has a 50 day moving average of GBX 242.95 and a two-hundred day moving average of GBX 235.01. Team17 Group has a 12 month low of GBX 145 ($1.82) and a 12 month high of GBX 405 ($5.09).

Team17 Group Company Profile

Team17 Group plc, together with its subsidiaries, develops and publishes independent video games for digital and physical market in the United Kingdom and internationally. It operates through Games Label, Simulation, and Edutainment segments. The company develops and publishes owned and third-party IP video games; educational entertainment apps for children; and working simulation games.