Team17 Group (LON:TM17) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Team17 Group (LON:TM17) in a report released on Thursday morning, Marketbeat reports.

Team17 Group Stock Up 12.5 %

Shares of Team17 Group stock opened at GBX 270 ($3.33) on Thursday. The company has a market capitalization of £388.67 million, a P/E ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. Team17 Group has a 1 year low of GBX 185.50 ($2.29) and a 1 year high of GBX 330 ($4.08). The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The business has a 50-day moving average of GBX 216.20 and a two-hundred day moving average of GBX 244.20.

Insider Buying and Selling at Team17 Group

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.59), for a total transaction of £6,356,057.40 ($7,850,861.41). Insiders own 28.15% of the company’s stock.

About Team17 Group

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.