Shore Capital Reiterates “Buy” Rating for Team17 Group (LON:TM17)

Team17 Group (LON:TM17)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

Team17 Group Price Performance

Shares of TM17 opened at GBX 267 ($3.29) on Thursday. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The stock has a market cap of £384.35 million, a P/E ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The stock’s 50-day moving average price is GBX 215.10 and its two-hundred day moving average price is 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).

Insider Buying and Selling at Team17 Group

In other Team17 Group news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.59), for a total value of £6,356,057.40 ($7,824,765.97). Insiders own 28.15% of the company’s stock.

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.