Peel Hunt Reaffirms “Buy” Rating for Sumo Group (LON:SUMO)

Peel Hunt restated their buy rating on shares of Sumo Group (LON:SUMO) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on SUMO. Berenberg Bank reaffirmed a buy rating on shares of Sumo Group in a report on Thursday, June 6th. Liberum Capital reaffirmed a hold rating on shares of Sumo Group in a report on Tuesday, July 23rd. Shore Capital reaffirmed a buy rating on shares of Sumo Group in a report on Wednesday, June 26th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 200 ($2.61) target price on shares of Sumo Group in a report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 178.80 ($2.34).

Sumo Group stock opened at GBX 162 ($2.12) on Monday. Sumo Group has a 52 week low of GBX 105 ($1.37) and a 52 week high of GBX 185 ($2.42). The company has a market capitalization of $243.93 million and a price-to-earnings ratio of -810.00. The stock has a 50-day moving average price of GBX 159.15 and a 200 day moving average price of GBX 147.25.

In related news, insider David Wilton purchased 235,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was bought at an average cost of GBX 141 ($1.84) per share, with a total value of £331,350 ($432,967.46).

Sumo Group Company Profile

Sumo Group Plc, together with its subsidiaries, develops and provides video games in the United Kingdom. The company develops games across a range of console platforms, PC, handheld, and mobile devices. It also offers services to entertainment industry, including games, TV, and film. The company was founded in 2003 and is headquartered in Sheffield, the United Kingdom.

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Analyst Recommendations for Sumo Group (LON:SUMO)

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