Everplay Group (LON:EVPL) Shares Down 0.8% – Here’s Why

Everplay Group Plc (LON:EVPL) dropped 0.8% during trading on Tuesday. The stock traded as low as GBX 411 and last traded at GBX 412. 4,904,981 shares traded hands during trading, an increase of 515% from the average daily volume of 797,648 shares. The stock had previously closed at GBX 415.50.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Everplay Group from GBX 540 to GBX 580 and gave the company a “buy” rating in a research note on Thursday, October 1st. Berenberg Bank raised their price target on Everplay Group from GBX 495 to GBX 555 and gave the company a “buy” rating in a report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 455 price objective on shares of Everplay Group in a research report on Tuesday, September 15th. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 470 price objective on shares of Everplay Group in a report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 508.

Everplay Group Price Performance

The company has a 50 day moving average of GBX 365.63 and a 200-day moving average of GBX 290.61. The firm has a market capitalization of £593.67 million, a P/E ratio of 37.45, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27.

Everplay Group (LON:EVPL) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.70 EPS for the quarter. Everplay Group had a negative return on equity of 0.12% and a negative net margin of 0.18%. On average, sell-side analysts predict that Everplay Group Plc will post 24.11 EPS for the current year.

About Everplay Group

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.