Devolver Digital (LON:DEVO) Earns Buy Rating from Berenberg Bank

Devolver Digital (LON:DEVO)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 28 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 55.56% from the company’s previous close.

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 27 target price on shares of Devolver Digital in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 27.50.

Devolver Digital Price Performance

Devolver Digital stock opened at GBX 18 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78. Devolver Digital has a one year low of GBX 17 and a one year high of GBX 28. The company has a 50-day simple moving average of GBX 20.83 and a 200-day simple moving average of GBX 22.96. The firm has a market capitalization of £84.30 million, a P/E ratio of -5.29 and a beta of -0.43.

About Devolver Digital

Devolver Digital Inc develops, publishes video games for PC and mobile devices in the United States and internationally. Devolver Digital Inc was incorporated in 2008 and is based in Austin, Texas.