Team Internet Group (LON:TIG) Stock Falls 0.1% – Here’s What Happened

Team Internet Group plc (LON:TIG) fell 0.1% during trading on Friday. The stock traded as low as GBX 33 and last traded at GBX 34.90. Approximately 100,917 shares changed hands during trading, a decline of 74% from the average daily volume of 382,151 shares. The stock had previously closed at GBX 34.95.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 90 target price on shares of Team Internet Group in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Team Internet Group presently has an average rating of “Buy” and a consensus price target of GBX 90.

Team Internet Group Price Performance

The business’s fifty day moving average price is GBX 38.67 and its two-hundred day moving average price is GBX 41.08. The stock has a market capitalization of £84.39 million, a PE ratio of -1.56 and a beta of 0.47.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients. The Online Marketing segment offers privacy-safe AI-based customer journeys that help online consumers make informed choices. It also sells domain names to registrants and license registry management platform.