Team17 Group (LON:TM17) Stock Price Up 1.8%

Team17 Group plc (LON:TM17) shot up 1.8% on Wednesday . The company traded as high as GBX 290 ($3.71) and last traded at GBX 285 ($3.64). 47,150 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 348,496 shares. The stock had previously closed at GBX 280 ($3.58).

Analysts Set New Price Targets

A number of research firms recently weighed in on TM17. Jefferies Financial Group restated a “hold” rating and issued a GBX 230 ($2.94) price objective on shares of Team17 Group in a report on Friday, April 19th. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.26) price objective on shares of Team17 Group in a report on Tuesday, April 16th. Royal Bank of Canada began coverage on Team17 Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a GBX 360 ($4.60) price objective for the company. Shore Capital restated a “buy” rating on shares of Team17 Group in a report on Wednesday, July 17th. Finally, Citigroup restated a “buy” rating on shares of Team17 Group in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 347.50 ($4.44).

Team17 Group Stock Performance

The firm has a market cap of £415.53 million, a P/E ratio of -9,500.00, a PEG ratio of 3.16 and a beta of 0.36. The company has a current ratio of 2.08, a quick ratio of 2.28 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average is GBX 290.82 and its two-hundred day moving average is GBX 264.33.

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.