Team17 Group plc (LON:TM17) Receives GBX 347.50 Average PT from Analysts

Team17 Group plc (LON:TM17) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 347.50 ($4.34).

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

Team17 Group Stock Performance

Shares of LON TM17 opened at GBX 270 ($3.37) on Thursday. 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 market capitalization of £388.67 million, a PE 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 185.50 ($2.32) and a 52 week high of GBX 330 ($4.12). The stock has a 50 day moving average price of GBX 217.30 and a 200 day moving average price of GBX 243.85.

Insider Activity

In related news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.62), for a total value of £6,356,057.40 ($7,934,162.28). 28.15% of the stock is owned by corporate 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.