Team17 Group plc (LON:TM17) Receives Average Rating of “Buy” from Analysts

Shares of Team17 Group plc (LON:TM17Get Rating) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 829.67 ($10.50).

Several analysts have commented on the stock. Shore Capital raised shares of Team17 Group to a “buy” rating in a research note on Wednesday, May 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.12) price target on shares of Team17 Group in a report on Thursday, April 28th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 850 ($10.75) price target on shares of Team17 Group in a report on Tuesday, February 1st.

TM17 stock opened at GBX 470 ($5.95) on Wednesday. The stock has a market capitalization of £679.72 million and a P/E ratio of 25.82. The company has a debt-to-equity ratio of 1.84, a quick ratio of 2.89 and a current ratio of 2.89. Team17 Group has a one year low of GBX 370 ($4.68) and a one year high of GBX 870 ($11.01). The company has a 50 day moving average price of GBX 463.48 and a two-hundred day moving average price of GBX 598.11.

About Team17 Group (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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Analyst Recommendations for Team17 Group (LON:TM17)

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