Brokerages Set Team17 Group plc (LON:TM17) Price Target at GBX 347.50

Shares of Team17 Group plc (LON:TM17) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One investment 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 brokerages that have issued a report on the stock in the last year is GBX 347.50 ($4.33).

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

Insider Activity

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of Team17 Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.61), for a total transaction of £6,356,057.40 ($7,913,418.08). Insiders own 28.15% of the company’s stock.

Team17 Group Price Performance

LON:TM17 opened at GBX 270 ($3.36) on Thursday. The firm has a market cap of £388.67 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. 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’s 50-day moving average is GBX 221.25 and its two-hundred day moving average is GBX 243.78. Team17 Group has a 12-month low of GBX 185.50 ($2.31) and a 12-month high of GBX 330 ($4.11).

About Team17 Group

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.