Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

 385.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 870.00p
  • 52 Week Low: 370.00p
  • Currency: UK Pounds
  • Shares Issued: 145.59m
  • Volume: 3,284,607
  • Market Cap: £560.53m

Berenberg raises target price on Team17 following 'first half to remember'

By Iain Gilbert

Date: Thursday 10 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on media group Team17 from 650.0p to 800.0p on Thursday, stating the company had just delivered a "first half to remember".

Berenberg said Team17 had delivered "another better-than-expected result" and stated it now believes that management will target full-year revenues of £77.0m-82.0m and underlying earnings of £28.5m-£30.5m.

The German bank highlighted that this marks a profit upgrade of almost 30% - at the top end versus its former estimates.

"While we knew that Team17 had many tailwinds, the guidance is higher than we expected at this stage in the year, given that it has released only five games year-to-date, with six more still to come," said Berenberg.

However, the analysts stated they were "cautious" about extrapolating this type of growth into perpetuity as they expect a portion of the increase in revenues was a result of Downing Street's Covid-19 stay-at-home orders.

"Team17 trades on circa 40 times one-year forward price-to-earnings ratio. While expensive, this is in line with other premium diversified players, such as Paradox and Embracer," concluded the analysts, which also acknowledged that the group had a sector-leading free cash flow yield.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Team17 Group Market Data

Currency UK Pounds
Share Price 385.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 870.00p
52 Week Low 370.00p
Volume 3,284,607
Shares Issued 145.59m
Market Cap £560.53m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.41% below the market average92.41% below the market average92.41% below the market average92.41% below the market average92.41% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
80.33% below the market average80.33% below the market average80.33% below the market average80.33% below the market average80.33% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth
53.90% above the market average53.90% above the market average53.90% above the market average53.90% above the market average53.90% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Team17 Group Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:27 206,462 @ 377.50p
16:27 206,462 @ 377.50p
15:49 176,617 @ 377.50p
15:49 176,617 @ 377.50p
16:27 333,547 @ 377.50p

Team17 Group Key Personnel

CEO Deborah Jayne Bestwick
Chair Christopher Bell
CFO Mark Crawford

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