Shore Capital Group Reiterates Buy Rating for Everplay Group (LON:EVPL)

Everplay Group (LON:EVPL)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 430 target price on the stock. Shore Capital Group’s target price would indicate a potential upside of 65.26% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group reduced their target price on Everplay Group from GBX 440 to GBX 380 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Berenberg Bank reduced their target price on Everplay Group from GBX 450 to GBX 370 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 455 target price on shares of Everplay Group in a research note on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 430.83.

Everplay Group Stock Down 3.6%

EVPL opened at GBX 260.20 on Wednesday. The stock has a market cap of £374.94 million, a PE ratio of 13.84, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a quick ratio of 2.28, a current ratio of 2.80 and a debt-to-equity ratio of 1.27. Everplay Group has a 52 week low of GBX 205 and a 52 week high of GBX 440.50. The business’s fifty day simple moving average is GBX 256.59 and its 200 day simple moving average is GBX 296.91.

Everplay Group (LON:EVPL) last released its earnings results on Tuesday, March 24th. The company reported GBX 25.70 EPS for the quarter. Everplay Group had a negative return on equity of 0.12% and a negative net margin of 0.18%. As a group, research analysts expect that Everplay Group will post 24.1106719 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mikkel Weider acquired 21,526 shares of Everplay Group stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average cost of GBX 234 per share, with a total value of £50,370.84. Company insiders own 21.66% of the company’s stock.

About Everplay Group

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. 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.