Berenberg Bank Trims Sumo Group (SUMO) Target Price to GBX 170

Sumo Group (LON:SUMO) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 205 ($2.68) to GBX 170 ($2.22) in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 34.92% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating on shares of Sumo Group in a research report on Friday, November 2nd.

SUMO opened at GBX 126 ($1.65) on Friday. Sumo Group has a 12 month low of GBX 96 ($1.25) and a 12 month high of GBX 120 ($1.57).

About Sumo Group

Sumo Group Plc, together with its subsidiaries, develops and provides video games in the United Kingdom. The company develops games across a range of console platforms, PC, handheld, and mobile devices. It also offers services to entertainment industry, including games, TV, and film. The company was founded in 2003 and is headquartered in Sheffield, the United Kingdom.

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