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

Team17 Group plc (LON:TM17) shares shot up 11.5% on Wednesday . The company traded as high as GBX 206.75 ($2.60) and last traded at GBX 206.75 ($2.60). 1,381,992 shares were traded during trading, an increase of 198% from the average session volume of 463,173 shares. The stock had previously closed at GBX 185.50 ($2.33).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.16) price objective on shares of Team17 Group in a report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 347.50 ($4.37).

Team17 Group Stock 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 has a market capitalization of £295.10 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 stock’s 50-day simple moving average is GBX 234.99 and its 200 day simple moving average is GBX 263.15.

Insider Transactions at Team17 Group

In related news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.64), for a total value of £6,356,057.40 ($7,990,015.59). 28.15% of the stock is owned by company insiders.

Team17 Group Company Profile

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.