Shares of Team17 Group plc (LON:TM17 – Get Free Report) traded down 5.8% during mid-day trading on Friday . The stock traded as low as GBX 278 ($3.53) and last traded at GBX 278 ($3.53). 127,393 shares traded hands during trading, a decline of 67% from the average session volume of 389,833 shares. The stock had previously closed at GBX 295 ($3.75).
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.23) price objective on shares of Team17 Group in a report on Tuesday, April 16th. Jefferies Financial Group restated a “hold” rating and set a GBX 230 ($2.92) price objective on shares of Team17 Group in a report on Friday, April 19th. Barclays lifted their price objective on Team17 Group from GBX 265 ($3.37) to GBX 310 ($3.94) and gave the stock an “overweight” rating in a report on Thursday, April 18th. Citigroup reiterated a “buy” rating on shares of Team17 Group in a research report on Friday, May 3rd. Finally, Shore Capital reiterated a “buy” rating on shares of Team17 Group in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 386.25 ($4.91).
Get Our Latest Stock Analysis on TM17
Team17 Group Trading Down 5.8 %
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.
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