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Shore Capital Reiterates Team17 Group’s Buy Recommendation (LSE:TM17)

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Fintel reports that on April 28, 2023, Shore Capital repeated coverage of the Team17 (LSE: TM17) group with a Buy recommendation.

Analyst price forecast suggests 62.84% upside

As of April 24, 2023, the one-year average price target for Team17 Group is 589.48. The forecast ranges from a low of 479.75 to a high of $924.00. The mid price target represents a 62.84% increase from its last reported closing price of 362.00.

Check out our ranking of companies with the biggest upward price target.

The expected annual revenue for Team17 Group is 140MM, an increase of 2.09%. Projected annual non-GAAP EPS is 0.26.

What is fund sentiment?

There are 17 funds or institutions reporting positions in Team17 Group. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to TM17 is 0.19%, an increase of 3.86%. The total number of shares held by institutions has decreased over the past three months by 3.64% to 2,544,000 shares.

What are the other shareholders doing?

IEFA – iShares Core MSCI EAFE ETF holds 559,000 shares representing 0.39% ownership of the company. No change in the last quarter.

VINEX – Vanguard International Explorer Fund Investor Shares owns 538,000 shares representing 0.37% ownership of the company. In its previous filing, the company said it held 561,000 shares, representing a decrease of 4.20%. The company increase its portfolio allocation in TM17 by 4.64% in the last quarter.

SCZ – iShares MSCI EAFE Small-Cap ETF holds 477,000 shares representing 0.33% ownership of the company. In its previous filing, the company said it held 463,000 shares, representing a raise of 3.00%. The company increase its portfolio allocation in TM17 by 4.16% in the last quarter.

JNL SERIES TRUST – JNL Multi-Manager International Small Cap Fund holds 305,000 shares representing 0.21% ownership of the company. In its previous filing, the company said it held 317,000 shares, representing a decrease of 3.74%. The company increase its portfolio allocation in TM17 by 11.75% in the last quarter.

IXUS – iShares Core MSCI Total International Stock ETF holds 151,000 shares representing 0.11% ownership of the company. In its previous filing, the company said it held 147,000 shares, representing a raise 2.54%. The company increase its portfolio allocation in TM17 by 1.80% in the last quarter.

View all Team17 Group regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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