Berenberg Bank Reiterates “Buy” Rating for Team17 Group (LON:TM17)

Berenberg Bank reaffirmed their buy rating on shares of Team17 Group (LON:TM17) in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 490 ($6.47) price target on the stock.

Several other brokerages also recently issued reports on TM17. Shore Capital reissued a buy rating on shares of Team17 Group in a research note on Wednesday, July 17th. Royal Bank of Canada began coverage on Team17 Group in a report on Tuesday, July 16th. They issued an outperform rating and a GBX 360 ($4.76) price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 347.50 ($4.59).

Team17 Group Trading Up 6.3 %

Shares of TM17 opened at GBX 270 ($3.57) on Tuesday. The company’s fifty day simple moving average is GBX 269.81 and its 200-day simple moving average is GBX 265.85. The company has a market cap of £388.67 million, a P/E ratio of -9,000.00, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a current ratio of 2.08, a quick ratio of 2.28 and a debt-to-equity ratio of 1.45. Team17 Group has a twelve month low of GBX 145 ($1.92) and a twelve month high of GBX 355 ($4.69).

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.