Team Internet Group (LON:TIG) Shares Cross Above 200-Day Moving Average of $146.67

Team Internet Group plc (LON:TIG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 146.67 ($1.86) and traded as high as GBX 187.80 ($2.38). Team Internet Group shares last traded at GBX 179.80 ($2.28), with a volume of 255,820 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on Team Internet Group from GBX 185 ($2.35) to GBX 205 ($2.60) and gave the company a “buy” rating in a report on Monday, May 13th.

Team Internet Group Price Performance

The company has a market capitalization of £449.75 million, a price-to-earnings ratio of 2,568.57 and a beta of 0.41. The stock has a 50 day simple moving average of GBX 173.08 and a two-hundred day simple moving average of GBX 146.67.

Team Internet Group Company Profile

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.