Team17 Group plc (LON:TM17) Insider Deborah Jayne Bestwick Sells 3,026,694 Shares

Team17 Group plc (LON:TM17) insider Deborah Jayne Bestwick sold 3,026,694 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.73), for a total value of £6,356,057.40 ($8,273,961.73).

Team17 Group Price Performance

Shares of TM17 stock traded up GBX 2.75 ($0.04) during mid-day trading on Friday, reaching GBX 221.75 ($2.89). The stock had a trading volume of 120,848 shares, compared to its average volume of 447,411. The company has a market cap of £319.21 million, a P/E ratio of -8,416.67, a price-to-earnings-growth 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 plc has a 12-month low of GBX 145 ($1.89) and a 12-month high of GBX 355 ($4.62). The business has a 50-day simple moving average of GBX 239.87 and a 200 day simple moving average of GBX 267.32.

Analysts Set New Price Targets

Several research analysts have issued reports on TM17 shares. Royal Bank of Canada began coverage on Team17 Group in a research report on Tuesday, July 16th. They issued an “outperform” rating and a GBX 360 ($4.69) price objective for the company. Shore Capital reiterated a “buy” rating on shares of Team17 Group in a report on Wednesday, July 17th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.38) price objective on shares of Team17 Group in a report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Team17 Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 347.50 ($4.52).

About Team17 Group

Team17 Group plc, together with its subsidiaries, develops and publishes independent video games for digital and physical market in the United Kingdom and internationally. It operates through Games Label, Simulation, and Edutainment segments. The company develops and publishes owned and third-party IP video games; educational entertainment apps for children; and working simulation games.