Team17 Group plc (LON:TM17) Given Average Rating of “Moderate Buy” by Analysts

Team17 Group plc (LON:TM17) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 347.50 ($4.33).

Separately, Shore Capital reissued a “buy” rating on shares of Team17 Group in a research report on Thursday, January 23rd.

Team17 Group Stock Up 12.5 %

TM17 stock opened at GBX 270 ($3.36) on Thursday. Team17 Group has a twelve month low of GBX 185.50 ($2.31) and a twelve month high of GBX 330 ($4.11). The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The company has a market capitalization of £388.67 million, a P/E ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31. The firm has a 50 day simple moving average of GBX 221.25 and a 200-day simple moving average of GBX 243.78.

Insiders Place Their Bets

In other Team17 Group news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.61), for a total value of £6,356,057.40 ($7,913,418.08). 28.15% of the stock is currently owned by corporate insiders.

Team17 Group Company Profile

Team17 Group is a leading global indie games label developer and publisher of premium video games and apps.

The Group was founded in 1990, and Team17’s Games Label successfully launched in 2014. 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.

Today, the Company employs over 350 people across 8 locations in 5 countries, and operates across three divisions – Team17 Games Label, StoryToys and astragon.

The business generates 73% of sales from its back catalogue, with 35% of sales come from its owned first-party IP.