Team17 Group (LON:TM17) Price Target Raised to GBX 500

Team17 Group (LON:TM17) had its price objective boosted by Berenberg Bank from GBX 375 ($4.93) to GBX 500 ($6.58) in a research note issued to investors on Monday, Stock Target Advisor reports. Berenberg Bank currently has a buy rating on the stock.

Several other brokerages also recently issued reports on TM17. Liberum Capital reiterated a buy rating on shares of Team17 Group in a research report on Friday, January 10th. Peel Hunt lifted their price objective on Team17 Group from GBX 340 ($4.47) to GBX 440 ($5.79) and gave the company a buy rating in a research report on Friday, January 10th. Finally, Shore Capital initiated coverage on Team17 Group in a research report on Monday. They issued a buy rating and a GBX 480 ($6.31) price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 430.40 ($5.66).

Shares of TM17 opened at GBX 461 ($6.06) on Monday. The stock has a fifty day moving average price of GBX 360.89 and a two-hundred day moving average price of GBX 313.63. Team17 Group has a 52-week low of GBX 190 ($2.50) and a 52-week high of GBX 390 ($5.13). The company has a market cap of $596.05 million and a price-to-earnings ratio of 36.30.

About Team17 Group

Team17 Group PLC develops video games label for independent developers worldwide. The company develops and publishes games across multiple platforms. Its portfolio comprises approximately 90 games, including the Worms franchise, Overcooked, and The Escapists. Team17 Group PLC was founded in 1990 and is based in Wakefield, the United Kingdom.

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Analyst Recommendations for Team17 Group (LON:TM17)

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