Team17 Group’s (TM17) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Team17 Group (LON:TM17) in a research report sent to investors on Thursday, Marketbeat reports.

Team17 Group Trading Up 12.5 %

Team17 Group stock opened at GBX 270 ($3.37) on Thursday. Team17 Group has a one year low of GBX 185.50 ($2.32) and a one year high of GBX 330 ($4.12). The stock has a market cap of £388.67 million, a PE ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.28 and a current ratio of 2.80. The stock has a 50-day moving average of GBX 217.30 and a two-hundred day moving average of GBX 243.85.

Insider Buying and Selling

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.62), for a total transaction of £6,356,057.40 ($7,934,162.28). 28.15% of the stock is owned by company 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.