Everplay Group (LON:EVPL) Price Target Raised to GBX 450 at Berenberg Bank

Key Points

• Berenberg Bank has raised the price target for Everplay Group (LON:EVPL) from GBX 400 to GBX 450, indicating a potential upside of 17.08% from its previous close.
• Analysts from multiple firms, including Deutsche Bank and Royal Bank of Canada, have also set optimistic price targets, with an average consensus of GBX 443.75 for Everplay Group stock.
• Recent insider trading revealed that Deborah Jayne Bestwick sold over 3 million shares at an average price of GBX 370, raising concerns about insider sentiment as they currently hold 24.32% of the company’s stock.

Everplay Group (LON:EVPL - Free Report) had its price objective increased by Berenberg Bank from GBX 400 to GBX 450 in a research report report published on Tuesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on EVPL. Deutsche Bank Aktiengesellschaft upped their target price on Everplay Group from GBX 425 to GBX 470 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada increased their target price on shares of Everplay Group from GBX 405 to GBX 455 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Shore Capital reissued a "buy" rating on shares of Everplay Group in a report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Everplay Group has an average rating of "Buy" and a consensus target price of GBX 443.

Everplay Group Stock Performance

LON EVPL traded up GBX 8.74 during trading hours on Tuesday, reaching GBX 390. The company's stock had a trading volume of 170,865 shares, compared to its average volume of 580,054. The stock has a market cap of £561.92 million, a PE ratio of 2,582.78, a PEG ratio of 3.16 and a beta of 0.31. Everplay Group has a 52 week low of GBX 192.50 and a 52 week high of GBX 426. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of GBX 377.32 and a 200 day simple moving average of GBX 306.26.

Everplay Group (LON:EVPL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported GBX 10.50 earnings per share 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 fiscal year.

Insider Activity at Everplay Group

In other Everplay Group news, insider Deborah Jayne Bestwick sold 3,243,243 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of GBX 370, for a total value of £11,999,999.10. Corporate insiders own 24.32% of the company's stock.

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.