Team17 Group (LON:TM17) Reaches New 12-Month Low at $350.00

Shares of Team17 Group plc (LON:TM17Get Rating) hit a new 52-week low on Wednesday . The company traded as low as GBX 350 ($4.23) and last traded at GBX 357.50 ($4.32), with a volume of 679666 shares changing hands. The stock had previously closed at GBX 360 ($4.35).

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TM17. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($7.85) price target on shares of Team17 Group in a research report on Thursday, July 14th. Shore Capital reissued a “buy” rating on shares of Team17 Group in a report on Thursday, July 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 804.50 ($9.72).

Team17 Group Stock Performance

The company has a market capitalization of £518.31 million and a price-to-earnings ratio of 1,972.22. The stock has a fifty day moving average price of GBX 413.04 and a two-hundred day moving average price of GBX 447.13. The company has a quick ratio of 2.84, a current ratio of 2.89 and a debt-to-equity ratio of 1.84.

About Team17 Group

(Get Rating)

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

Further Reading

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