Liberum Capital Raises Team17 Group (LON:TM17) Price Target to GBX 330

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Team17 Group (LON:TM17) had its target price upped by research analysts at Liberum Capital from GBX 290 ($3.79) to GBX 330 ($4.31) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price suggests a potential upside of 13.70% from the company’s previous close.

TM17 has been the subject of several other reports. Berenberg Bank boosted their price target on Team17 Group from GBX 300 ($3.92) to GBX 330 ($4.31) and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Peel Hunt reiterated a “buy” rating on shares of Team17 Group in a research report on Monday.

Shares of TM17 opened at GBX 290.25 ($3.79) on Tuesday. Team17 Group has a one year low of GBX 175 ($2.29) and a one year high of GBX 324.93 ($4.25). The stock has a market capitalization of $381.06 million and a price-to-earnings ratio of 47.58. The stock has a 50 day moving average price of GBX 273.35 and a 200 day moving average price of GBX 255.39.

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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