Berenberg Bank Reaffirms “Buy” Rating for Team17 Group (LON:TM17)

Berenberg Bank reissued their buy rating on shares of Team17 Group (LON:TM17) in a research report released on Thursday, June 6th, ThisIsMoney.Co.Uk reports.

TM17 has been the topic of a number of other research reports. Peel Hunt reissued a buy rating on shares of Team17 Group in a report on Monday, March 18th. Liberum Capital increased their price objective on Team17 Group from GBX 225 ($2.94) to GBX 255 ($3.33) and gave the company a buy rating in a report on Tuesday, March 19th.

Shares of LON TM17 traded up GBX 7.50 ($0.10) during mid-day trading on Thursday, reaching GBX 290 ($3.79). 724,086 shares of the company traded hands. The stock has a market cap of $374.89 million and a PE ratio of 47.54. The company’s fifty day moving average is GBX 259.28. Team17 Group has a fifty-two week low of GBX 175 ($2.29) and a fifty-two week high of GBX 320.23 ($4.18).

About Team17 Group

Team17 Group PLC develops video games label for independent developers worldwide. The company develops and publishes games across multiple platforms. Its portfolio comprises approximately 90 games, including the Worms franchise, Overcooked, and The Escapists. Team17 Group PLC was founded in 1990 and is based in Wakefield, the United Kingdom.

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