Devolver Digital (LON:DEVO) Given “Buy” Rating at Berenberg Bank

Devolver Digital (LON:DEVO)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 28 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 55.56% from the company’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 27 price target on shares of Devolver Digital in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 27.50.

Devolver Digital Stock Performance

Shares of LON DEVO opened at GBX 18 on Wednesday. The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is GBX 20.83 and its two-hundred day moving average price is GBX 22.96. Devolver Digital has a 52-week low of GBX 17 and a 52-week high of GBX 28. The stock has a market capitalization of £84.30 million, a P/E ratio of -5.29 and a beta of -0.43.

Devolver Digital Company Profile

Devolver Digital Inc develops, publishes video games for PC and mobile devices in the United States and internationally. Devolver Digital Inc was incorporated in 2008 and is based in Austin, Texas.