Team17 Group (LON:TM17) Trading Up 11.5% – Should You Buy?

Team17 Group plc (LON:TM17) was up 11.5% during trading on Wednesday . The company traded as high as GBX 206.75 ($2.62) and last traded at GBX 206.75 ($2.62). Approximately 1,381,992 shares traded hands during trading, an increase of 198% from the average daily volume of 463,173 shares. The stock had previously closed at GBX 185.50 ($2.35).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.22) price target on shares of Team17 Group in a report on Tuesday, September 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.41).

Team17 Group Price Performance

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 stock’s 50-day moving average price is GBX 233.90 and its 200-day moving average price is GBX 262.07. The company has a market capitalization of £287.90 million, a price-to-earnings ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31.

Insiders Place Their Bets

In other Team17 Group news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.67), for a total transaction of £6,356,057.40 ($8,068,110.43). Company insiders own 28.15% of the company’s stock.

About Team17 Group

Team17 Group plc, together with its subsidiaries, develops and publishes independent video games for digital and physical market in the United Kingdom and internationally. It operates through Games Label, Simulation, and Edutainment segments. The company develops and publishes owned and third-party IP video games; educational entertainment apps for children; and working simulation games.