Liberum Capital Reaffirms “Hold” Rating for Sumo Group (LON:SUMO)

Sumo Group (LON:SUMO)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a research note issued on Wednesday, June 26th, LSE.Co.UK reports. They presently have a GBX 145 ($1.89) price target on the stock. Liberum Capital’s price target points to a potential downside of 11.59% from the stock’s previous close.

Several other brokerages have also issued reports on SUMO. Berenberg Bank reiterated a “buy” rating and issued a GBX 360 ($4.70) target price on shares of in a research report on Thursday, June 6th. Peel Hunt reiterated a “buy” rating on shares of Sensyne Health in a research report on Monday, June 24th. Finally, Shore Capital reiterated a “house stock” rating on shares of in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 178.80 ($2.34).

Shares of LON:SUMO traded up GBX 8 ($0.10) during mid-day trading on Wednesday, reaching GBX 164 ($2.14). The company had a trading volume of 2,112 shares, compared to its average volume of 169,793. The stock has a market capitalization of $246.95 million and a price-to-earnings ratio of -820.00. The company has a 50-day simple moving average of GBX 151.18. Sumo Group has a one year low of GBX 105 ($1.37) and a one year high of GBX 185 ($2.42).

In other Sumo Group news, insider David Wilton acquired 1,229 shares of the business’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of GBX 147 ($1.92) per share, for a total transaction of £1,806.63 ($2,360.68). Also, insider Paul Porter sold 1,200,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of GBX 130 ($1.70), for a total transaction of £1,560,000 ($2,038,416.31).

Sumo Group Company Profile

Sumo Group Plc, together with its subsidiaries, develops and provides video games in the United Kingdom. The company develops games across a range of console platforms, PC, handheld, and mobile devices. It also offers services to entertainment industry, including games, TV, and film. The company was founded in 2003 and is headquartered in Sheffield, the United Kingdom.

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Analyst Recommendations for Sumo Group (LON:SUMO)

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