Sumo Group’s (SUMO) “Buy” Rating Reaffirmed at Berenberg Bank

Sumo Group (LON:SUMO)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 190 ($2.48) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 21.79% from the stock’s previous close.

Several other research firms have also issued reports on SUMO. Shore Capital lowered shares of Sumo Group to a “hold” rating in a research note on Thursday, September 26th. Peel Hunt reissued a “buy” rating on shares of Sumo Group in a research report on Tuesday, October 8th. Finally, Liberum Capital reissued a “hold” rating on shares of Sumo Group in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 178.80 ($2.34).

Sumo Group stock traded up GBX 1 ($0.01) during mid-day trading on Thursday, reaching GBX 156 ($2.04). The stock had a trading volume of 157,233 shares, compared to its average volume of 169,793. The company has a debt-to-equity ratio of 10.59, a quick ratio of 2.07 and a current ratio of 2.07. Sumo Group has a fifty-two week low of GBX 105 ($1.37) and a fifty-two week high of GBX 178 ($2.33). The stock’s 50-day simple moving average is GBX 157.62 and its 200-day simple moving average is GBX 154.02. The firm has a market capitalization of $233.40 million and a PE ratio of 97.50.

About Sumo Group

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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