Team Internet Group (LON:TIG) Shares Up 16.2% – Here’s What Happened

Team Internet Group plc (LON:TIG)’s stock price shot up 16.2% on Friday . The company traded as high as GBX 39.70 and last traded at GBX 39.50. 372,195 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 481,645 shares. The stock had previously closed at GBX 34.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 90 price objective on shares of Team Internet Group in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 90.

Team Internet Group Price Performance

The stock has a market capitalization of £98.80 million, a price-to-earnings ratio of 4.58 and a beta of 0.49. The firm’s fifty day moving average is GBX 36.49 and its 200-day moving average is GBX 42.94.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients. The Online Marketing segment offers privacy-safe AI-based customer journeys that help online consumers make informed choices. It also sells domain names to registrants and license registry management platform.