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

Key Points

• Berenberg Bank cut its price target on Everplay from GBX 450 to GBX 370 but kept a "buy" rating, with the new target implying roughly 70.51% upside from the current price.
• The stock has a consensus Buy from six analysts with an average price target of GBX 445.83, and several brokers (RBC, Jefferies) have set higher targets than Berenberg's.
• Shares opened at GBX 217 (well below analyst targets) with a market cap of £312.66m, and insiders recently bought stock—insiders now own 21.66% of the company.

Everplay Group (LON:EVPL - Get Free Report) had its price target cut by research analysts at Berenberg Bank from GBX 450 to GBX 370 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective points to a potential upside of 70.51% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada restated an "outperform" rating and set a GBX 455 price target on shares of Everplay Group in a research report on Friday, January 23rd. Shore Capital Group reiterated a "buy" rating on shares of Everplay Group in a report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 440 price objective on shares of Everplay Group in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 445.83.

Everplay Group Price Performance

Shares of LON:EVPL opened at GBX 217 on Thursday. The company's fifty day moving average price is GBX 299.20 and its 200-day moving average price is GBX 338.79. The firm has a market capitalization of £312.66 million, a price-to-earnings ratio of 14.37, a PEG ratio of 3.16 and a beta of 0.31. Everplay Group has a one year low of GBX 212.25 and a one year high of GBX 440.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28.

Everplay Group (LON:EVPL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. On average, equities research analysts anticipate that Everplay Group will post 24.1106719 earnings per share for the current fiscal year.

Insider Buying and Selling at Everplay Group

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

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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