Team17 Group (LON:TM17) Lifted to “Buy” at Shore Capital

Shore Capital upgraded shares of Team17 Group (LON:TM17Get Rating) to a buy rating in a report issued on Wednesday morning, Digital Look reports.

A number of other brokerages have also commented on TM17. Berenberg Bank reissued a buy rating and issued a GBX 800 ($9.86) price target on shares of Team17 Group in a report on Thursday, April 28th. Canaccord Genuity Group reissued a hold rating and issued a GBX 850 ($10.48) price target on shares of Team17 Group in a report on Tuesday, February 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of GBX 829.67 ($10.23).

Shares of LON:TM17 opened at GBX 398.50 ($4.91) on Wednesday. The company’s fifty day moving average price is GBX 472.28 and its 200-day moving average price is GBX 610.25. The firm has a market capitalization of £576.31 million and a price-to-earnings ratio of 21.90. Team17 Group has a one year low of GBX 370 ($4.56) and a one year high of GBX 870 ($10.72). The company has a debt-to-equity ratio of 1.84, a current ratio of 2.89 and a quick ratio of 2.89.

About Team17 Group (Get Rating)

Team17 Group PLC, together with its subsidiaries, develops video games label for independent developers worldwide. The company develops and publishes owned and third-party IP video games for the digital and physical market. Its portfolio comprises approximately 100 games, including the Worms franchise, Overcooked!, and The Escapists.

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