Team17 Group plc (LON:TM17) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Team17 Group plc (LON:TM17) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 347.50 ($4.28).

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

Insider Activity at Team17 Group

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.59), for a total transaction of £6,356,057.40 ($7,824,765.97). 28.15% of the stock is currently owned by company insiders.

Team17 Group Stock Up 10.4 %

TM17 stock opened at GBX 265 ($3.26) on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The firm has a fifty day moving average price of GBX 215.10 and a two-hundred day moving average price of GBX 244.28. Team17 Group has a 1-year low of GBX 185.50 ($2.28) and a 1-year high of GBX 330 ($4.06). The firm has a market cap of £381.47 million, a price-to-earnings ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31.

Team17 Group Company Profile

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.