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

Team17 Group plc (LON:TM17) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 347.50 ($4.38).

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.18) price objective on shares of Team17 Group in a report on Tuesday, September 17th.

Team17 Group Stock Down 2.3 %

Shares of LON:TM17 opened at GBX 210 ($2.65) on Monday. The business’s 50 day moving average is GBX 236.71 and its 200 day moving average is GBX 265.30. The stock has a market cap of £302.30 million, a P/E ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. Team17 Group has a 52-week low of GBX 145 ($1.83) and a 52-week high of GBX 355 ($4.47). The company has a quick ratio of 2.28, a current ratio of 2.80 and a debt-to-equity ratio of 1.27.

Insiders Place Their Bets

In other Team17 Group 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 ($2.65), for a total transaction of £6,356,057.40 ($8,010,154.25). 28.15% of the stock is currently owned by insiders.

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.