Shares of Team17 Group plc (LON:TM17 – Get 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
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.
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