Citigroup Reaffirms “Buy” Rating for Team17 Group (LON:TM17)

Team17 Group (LON:TM17)‘s stock had its “buy” rating restated by Citigroup in a report released on Friday, Digital Look reports.

A number of other research analysts have also recently issued reports on TM17. Barclays lifted their price objective on shares of Team17 Group from GBX 265 ($3.33) to GBX 310 ($3.89) and gave the company an “overweight” rating in a research note on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and issued a GBX 230 ($2.89) target price on shares of Team17 Group in a research report on Friday, April 19th. Shore Capital restated a “buy” rating on shares of Team17 Group in a research report on Tuesday, April 16th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.16) target price on shares of Team17 Group in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 386.25 ($4.85).

Team17 Group Stock Performance

Shares of LON:TM17 opened at GBX 275 ($3.45) on Friday. The company’s 50 day simple moving average is GBX 241.67 and its 200 day simple moving average is GBX 234.62. The stock has a market capitalization of £400.95 million, a price-to-earnings ratio of -9,166.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.38. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.08 and a quick ratio of 2.28. Team17 Group has a 1 year low of GBX 145 ($1.82) and a 1 year high of GBX 405 ($5.09).

About Team17 Group

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.