Everplay Group (LON:EVPL) Trading 18.8% Higher – Still a Buy?

Shares of Everplay Group Plc (LON:EVPL) were up 18.8% during trading on Friday . The stock traded as high as GBX 360.50 and last traded at GBX 347.96. Approximately 6,730,417 shares changed hands during mid-day trading, an increase of 856% from the average daily volume of 703,865 shares. The stock had previously closed at GBX 293.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EVPL shares. Jefferies Financial Group restated a “buy” rating and set a GBX 380 price target on shares of Everplay Group in a report on Wednesday, July 29th. Shore Capital Group reiterated a “buy” rating and issued a GBX 430 price objective on shares of Everplay Group in a report on Friday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 423.

Everplay Group Stock Performance

The stock’s 50-day moving average price is GBX 242.54 and its 200 day moving average price is GBX 254.39. The company has a quick ratio of 2.28, a current ratio of 2.80 and a debt-to-equity ratio of 1.27. The company has a market cap of £501.39 million, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31.

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.