Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

305.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 350.00p
  • 52 Week Low: 152.00p
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 62,842
  • Market Cap: £444.70m

Canaccord downgrades Team17 to 'hold' as stock approaches target price

By Iain Gilbert

Date: Friday 29 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity lowered their rating on video games developer Team17 from 'buy' to 'hold' on Thursday, stating the group's share price was now approaching its target.
Canaccord said Team17's interim trading update earlier in the week stated that the group had traded in line with management's expectations during the first half of 2021 and entered the second in "great shape".

As a result, Canaccord made no changes to its full-year estimates for adjusted underlying earnings and earnings per share, which were around 5-7% ahead of consensus, and added that it does not expect consensus to change either, at this stage.

The Canadian bank also noted that its estimates appeared to be roughly 12% higher than consensus, but it pointed out that the consensus "was quoted mostly after amortisation of acquired intangibles".

"We follow normal conventions and exclude this acquired amortisation from our estimates; as a result, we forecast adj. EBIT of £33.4m which compares to consensus adj. EBIT of around £31.5m if we adjust consensus to a CG basis (i.e. pre acquired intangible amortisation)," said Canaccord, which reiterated its 850.0p target price on the stock.

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Team17 Group Market Data

Currency UK Pounds
Share Price 305.00p
Change Today 5.00p
% Change 1.67 %
52 Week High 350.00p
52 Week Low 152.00p
Volume 62,842
Shares Issued 145.80m
Market Cap £444.70m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.04% above the market average35.04% above the market average35.04% above the market average35.04% above the market average35.04% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
15.49% above the market average15.49% above the market average15.49% above the market average15.49% above the market average15.49% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 0
Strong Sell 0
Total 12
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 18-Jul-2024

Time Volume / Share Price
16:35 233 @ 305.00p
16:35 9 @ 305.00p
16:35 212 @ 305.00p
16:35 12 @ 305.00p
16:23 42 @ 303.15p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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