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

Team17 Group plc (LON:TM17) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 347.50 ($4.28).

Separately, Shore Capital reaffirmed a “buy” rating on shares of Team17 Group in a research note on Thursday.

Team17 Group Price Performance

Shares of TM17 opened at GBX 265 ($3.26) on Thursday. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The firm’s fifty day simple moving average is GBX 215.10 and its 200-day simple moving average is GBX 244.28. The firm has a market capitalization of £381.47 million, a price-to-earnings ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31. Team17 Group has a twelve month low of GBX 185.50 ($2.28) and a twelve month high of GBX 330 ($4.06).

Insider Activity

In related news, insider Deborah Jayne Bestwick sold 3,026,694 shares of Team17 Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.59), for a total value of £6,356,057.40 ($7,824,765.97). 28.15% of the stock is currently owned by company insiders.

About Team17 Group

Team17 Group is a leading global indie games label developer and publisher of premium video games and apps.

The Group was founded in 1990, and Team17’s Games Label successfully launched in 2014. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.

Today, the Company employs over 350 people across 8 locations in 5 countries, and operates across three divisions – Team17 Games Label, StoryToys and astragon.

The business generates 73% of sales from its back catalogue, with 35% of sales come from its owned first-party IP.