Berenberg Bank Forecasts Strong Price Appreciation for Everplay Group (LON:EVPL) Stock

Key Points

• Berenberg Bank raised Everplay Group’s price target from GBX 370 to GBX 495 and maintained a “buy” rating, implying approximately 29.65% upside from the prior close.
• Analyst sentiment remains positive: five analysts rate the stock a “buy,” while the consensus target price is GBX 454.
• Everplay shares rose 5.9% and opened at GBX 381.80; the company recently reported quarterly EPS of GBX 3.70 and analysts expect full-year EPS of about GBX 24.11.

Everplay Group (LON:EVPL - Get Free Report) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 370 to GBX 495 in a research report issued on Wednesday, Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 29.65% from the company's previous close.

A number of other analysts have also issued reports on EVPL. Jefferies Financial Group restated a "buy" rating and issued a GBX 380 target price on shares of Everplay Group in a report on Wednesday, July 29th. Shore Capital Group upgraded Everplay Group to a "buy" rating and set a GBX 460 price target on the stock in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Everplay Group has a consensus rating of "Buy" and a consensus target price of GBX 454.

Everplay Group Stock Up 5.9%

EVPL stock opened at GBX 381.80 on Wednesday. Everplay Group has a 52-week low of GBX 205 and a 52-week high of GBX 440.50. The company's 50 day simple moving average is GBX 250.38 and its 200-day simple moving average is GBX 255.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The firm has a market capitalization of £550.15 million, a P/E ratio of 20.31, a P/E/G ratio of 3.16 and a beta of 0.31.

Everplay Group (LON:EVPL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.70 EPS for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. As a group, equities research analysts anticipate that Everplay Group will post 24.1106719 EPS for the current year.

About Everplay Group

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.

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