Shore Capital Upgrades Team17 Group (LON:TM17) to “Buy”

Team17 Group (LON:TM17 – Get Rating) was upgraded by analysts at Shore Capital to a “buy” rating in a report issued on Wednesday, Digital Look reports.

Several other equities analysts have also commented on TM17. Berenberg Bank reissued a “buy” rating and set a GBX 800 ($9.86) price objective on shares of Team17 Group in a research report on Thursday, April 28th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 850 ($10.48) price objective on shares of Team17 Group in a research report on Tuesday, February 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 829.67 ($10.23).

LON:TM17 opened at GBX 390 ($4.81) on Wednesday. The stock has a market cap of £564.02 million and a P/E ratio of 21.43. The firm’s fifty day simple moving average is GBX 479.21 and its 200 day simple moving average is GBX 616.28. Team17 Group has a twelve month low of GBX 375 ($4.62) and a twelve month high of GBX 870 ($10.72). The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.84.

Team17 Group Company Profile (Get Rating)

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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