Team17 Group (LON:TM17) Price Target Raised to GBX 310 at Barclays

Team17 Group (LON:TM17) had its price target upped by equities researchers at Barclays from GBX 265 ($3.30) to GBX 310 ($3.86) in a research note issued on Thursday, MarketBeat reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 21.57% from the company’s previous close.

TM17 has been the topic of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.10) target price on shares of Team17 Group in a report on Tuesday. Shore Capital restated a “buy” rating on shares of Team17 Group in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 386.25 ($4.81).

Team17 Group Price Performance

TM17 stock opened at GBX 255 ($3.17) on Thursday. The firm has a market cap of £371.79 million, a price-to-earnings ratio of 1,821.43, a PEG ratio of 3.16 and a beta of 0.40. The company has a quick ratio of 2.28, a current ratio of 1.43 and a debt-to-equity ratio of 1.82. Team17 Group has a 12-month low of GBX 145 ($1.81) and a 12-month high of GBX 405 ($5.04). The company’s fifty day simple moving average is GBX 241.25 and its 200 day simple moving average is GBX 233.86.

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.