Devolver Digital (LON:DEVO) Cut to Buy at Shore Capital Group

Key Points

• Shore Capital Group cut its rating to a "buy" and set a GBX 27 price target, implying roughly a 22.7% upside from the stock's current level.
• Devolver Digital opened at GBX 22, trades in a 12‑month range of GBX 19.50–28, and has a market capitalization of £102.36 million.
• The company shows a negative P/E (‑8.46) but strong liquidity metrics (quick ratio 4.85, current ratio 1.71) and a debt‑to‑equity ratio of 0.64.

Devolver Digital (LON:DEVO - Get Free Report) was downgraded by equities researchers at Shore Capital Group to a "buy" rating in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 27 price target on the stock. Shore Capital Group's price target would suggest a potential upside of 22.73% from the stock's current price.

Devolver Digital Stock Performance

LON:DEVO opened at GBX 22 on Thursday. Devolver Digital has a 12-month low of GBX 19.50 and a 12-month high of GBX 28. The company has a quick ratio of 4.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of £102.36 million, a PE ratio of -8.46 and a beta of -0.43. The firm has a 50-day moving average price of GBX 24.51 and a 200 day moving average price of GBX 24.81.

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.

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