Team17 Group’s (TM17) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Team17 Group (LON:TM17) in a research note issued to investors on Tuesday, PriceTargets.com reports.

Several other research firms have also recently weighed in on TM17. Berenberg Bank reaffirmed a buy rating and set a GBX 850 ($11.11) target price on shares of Team17 Group in a research note on Wednesday, June 30th. Canaccord Genuity cut shares of Team17 Group to a hold rating and set a GBX 850 ($11.11) target price for the company. in a research note on Thursday, August 5th. Finally, Liberum Capital reaffirmed a hold rating and set a GBX 760 ($9.93) target price on shares of Team17 Group in a research note on Tuesday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of GBX 784.60 ($10.25).

TM17 opened at GBX 785 ($10.26) on Tuesday. The stock has a market capitalization of £1.03 billion and a price-to-earnings ratio of 46.73. The company has a fifty day moving average of GBX 797.59 and a 200 day moving average of GBX 751.29. Team17 Group has a fifty-two week low of GBX 382 ($4.99) and a fifty-two week high of GBX 900 ($11.76). The company has a debt-to-equity ratio of 1.42, a quick ratio of 4.49 and a current ratio of 4.53.

In other Team17 Group news, insider Martin Hellawell acquired 10,000 shares of the company’s stock in a transaction on Thursday, July 8th. The stock was acquired at an average cost of GBX 800 ($10.45) per share, with a total value of £80,000 ($104,520.51).

Team17 Group Company Profile

Team17 Group PLC, together with its subsidiaries, develops video games label for independent developers worldwide. The company develops and publishes owned and third-party IP video games for the digital and physical market. Its portfolio comprises approximately 100 games, including the Worms franchise, Overcooked!, and The Escapists.

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Analyst Recommendations for Team17 Group (LON:TM17)

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