Brokerages Set Team17 Group plc (LON:TM17) Target Price at GBX 347.50

Team17 Group plc (LON:TM17) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 347.50 ($4.51).

TM17 has been the subject of a number of analyst reports. Royal Bank of Canada initiated coverage on Team17 Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a GBX 360 ($4.67) price target for the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.35) target price on shares of Team17 Group in a research note on Tuesday, September 17th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Team17 Group in a research note on Wednesday, July 17th.

Team17 Group Trading Up 13.2 %

Shares of LON:TM17 opened at GBX 240 ($3.11) on Thursday. Team17 Group has a 12-month low of GBX 145 ($1.88) and a 12-month high of GBX 355 ($4.60). The company has a market capitalization of £345.48 million, a PE ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31. The business has a 50 day moving average of GBX 243.49 and a two-hundred day moving average of GBX 268.24. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27.

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.