Berenberg Bank Lowers Everplay Group (LON:EVPL) Price Target to GBX 370

Everplay Group (LON:EVPL) had its price target dropped by Berenberg Bank from GBX 450 to GBX 370 in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 70.51% from the stock’s current price.

A number of other brokerages have also issued reports on EVPL. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 455 price target on shares of Everplay Group in a report on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price objective on shares of Everplay Group in a research note on Monday, February 2nd. Finally, Shore Capital Group reissued a “buy” rating on shares of Everplay Group in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 445.83.

Everplay Group Stock Performance

LON:EVPL opened at GBX 217 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.28 and a current ratio of 2.80. Everplay Group has a fifty-two week low of GBX 212.25 and a fifty-two week high of GBX 440.50. The firm has a market cap of £312.66 million, a PE ratio of 14.37, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The business has a 50 day moving average price of GBX 299.20 and a 200-day moving average price of GBX 338.79.

Everplay Group (LON:EVPL) last issued its earnings results on Tuesday, March 24th. The company reported GBX 25.70 EPS for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. Equities research analysts predict that Everplay Group will post 24.1106719 earnings per share for the current year.

Insider Buying and Selling

In other Everplay Group news, insider Mikkel Weider purchased 21,526 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was bought at an average price of GBX 234 per share, with a total value of £50,370.84. Also, insider Frank Theodore Sagnier purchased 33,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of GBX 301 per share, for a total transaction of £99,932. 21.66% of the stock is owned by corporate insiders.

Everplay Group Company Profile

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.