Team17 Group (LON:TM17) Trading 11.5% Higher – Should You Buy?

Team17 Group plc (LON:TM17)’s share price traded up 11.5% during mid-day trading on Wednesday . The stock traded as high as GBX 206.75 ($2.62) and last traded at GBX 206.75 ($2.62). 1,381,992 shares changed hands during mid-day trading, an increase of 198% from the average session volume of 463,173 shares. The stock had previously closed at GBX 185.50 ($2.35).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 490 ($6.22) target price on shares of Team17 Group in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 347.50 ($4.41).

Team17 Group Price Performance

The company has a market cap of £287.90 million, a P/E ratio of -8,416.67, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.28 and a current ratio of 2.80. The stock has a 50-day simple moving average of GBX 233.90 and a 200 day simple moving average of GBX 262.07.

Insider Buying and Selling

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 stock was sold at an average price of GBX 210 ($2.67), for a total transaction of £6,356,057.40 ($8,068,110.43). 28.15% of the stock is owned by company insiders.

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.