Team17 Group’s (TM17) Buy Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Team17 Group (LON:TM17) in a research note published on Thursday, MarketBeat Ratings reports.

Team17 Group Price Performance

Shares of TM17 stock opened at GBX 270 ($3.37) on Thursday. The stock has a market capitalization of £388.67 million, a price-to-earnings ratio of -8,416.67, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. Team17 Group has a twelve month low of GBX 185.50 ($2.32) and a twelve month high of GBX 330 ($4.12). The stock has a fifty day simple moving average of GBX 217.30 and a two-hundred day simple moving average of GBX 243.85.

Insider Activity at Team17 Group

In related news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.62), for a total transaction of £6,356,057.40 ($7,934,162.28). 28.15% of the stock is currently owned by corporate insiders.

Team17 Group Company Profile

Team17 Group is a leading global indie games label developer and publisher of premium video games and apps.

The Group was founded in 1990, and Team17’s Games Label successfully launched in 2014. 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.

Today, the Company employs over 350 people across 8 locations in 5 countries, and operates across three divisions – Team17 Games Label, StoryToys and astragon.

The business generates 73% of sales from its back catalogue, with 35% of sales come from its owned first-party IP.