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Berenberg Bank Thinks Team17 Group’s Stock is Going to Recover

In a report released today, Benjamin May from Berenberg Bank reiterated a Buy rating on Team17 Group (TSVNFResearch Report), with a price target of p1000.00. The company’s shares closed last Friday at $9.37, close to its 52-week low of $9.31.

According to TipRanks.com, May is ranked #1095 out of 7758 analysts.

Team17 Group has an analyst consensus of Moderate Buy, with a price target consensus of $13.10.

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Based on Team17 Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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Team17 Group PLC is a video game label and creative partner for independent developers. The company supports both owned first party IP and third-party IP-through partnering with indie developers globally. The company focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists.

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