Team17 Group (LON:TM17) Hits New 1-Year High at $367.00

Shares of Team17 Group plc (LON:TM17) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 367 ($4.90) and last traded at GBX 367 ($4.90), with a volume of 30013 shares trading hands. The stock had previously closed at GBX 260 ($3.47).

Analysts Set New Price Targets

A number of brokerages have commented on TM17. Royal Bank of Canada began coverage on Team17 Group in a report on Tuesday, July 16th. They set an “outperform” rating and a GBX 360 ($4.81) price objective for the company. Berenberg Bank reiterated a “buy” rating and set a GBX 490 ($6.54) price target on shares of Team17 Group in a report on Tuesday, September 17th. Finally, Shore Capital restated a “buy” rating on shares of Team17 Group in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.64).

Team17 Group Trading Up 3.8 %

The company has a debt-to-equity ratio of 1.45, a current ratio of 2.08 and a quick ratio of 2.28. The company has a market capitalization of £388.67 million, a P/E ratio of -8,666.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The firm has a fifty day moving average price of GBX 268.51 and a 200-day moving average price of GBX 266.24.

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.