Team17 Group (LON:TM17) Given Buy Rating at Berenberg Bank

Team17 Group (LON:TM17)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 490 ($6.47) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 108.07% from the stock’s previous close.

TM17 has been the subject of several other research reports. Royal Bank of Canada began coverage on shares of Team17 Group in a report on Tuesday, July 16th. They set an “outperform” rating and a GBX 360 ($4.76) price target for the company. Shore Capital reissued a “buy” rating on shares of Team17 Group in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Team17 Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.59).

Team17 Group Trading Up 2.4 %

Shares of LON TM17 opened at GBX 235.50 ($3.11) on Tuesday. Team17 Group has a 12-month low of GBX 145 ($1.92) and a 12-month high of GBX 355 ($4.69). The company has a market cap of £339.00 million, a price-to-earnings ratio of -8,166.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. 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 stock’s 50 day simple moving average is GBX 272.84 and its 200 day simple moving average is GBX 265.72.

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.