Everplay Group (LON:EVPL) Shares Down 0.8% - Here's Why

Key Points

• Everplay Group shares fell 0.8% to GBX 412 during mid-day trading, while volume surged 515% above the average session level to roughly 4.9 million shares.
• Analysts remain bullish, with five Buy ratings, a consensus target price of GBX 508, and recent target increases from Jefferies to GBX 580 and Berenberg to GBX 555.
• The company reported quarterly EPS of GBX 3.70, but posted a slightly negative net margin and return on equity; analysts expect full-year EPS of approximately GBX 24.11.

Everplay Group Plc (LON:EVPL - Get Free Report) dropped 0.8% during mid-day trading on Tuesday. The company traded as low as GBX 411 and last traded at GBX 412. Approximately 4,904,981 shares were traded during mid-day trading, an increase of 515% from the average session volume of 797,648 shares. The stock had previously closed at GBX 415.50.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Shore Capital Group restated a "buy" rating and set a GBX 470 target price on shares of Everplay Group in a report on Wednesday, September 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 455 price target on shares of Everplay Group in a research note on Tuesday, September 15th. Jefferies Financial Group boosted their price target on shares of Everplay Group from GBX 540 to GBX 580 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Finally, Berenberg Bank increased their price objective on shares of Everplay Group from GBX 495 to GBX 555 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 508.

Everplay Group Stock Performance

The firm has a market capitalization of £593.67 million, a price-to-earnings ratio of 37.45, a P/E/G ratio of 3.16 and a beta of 0.31. The stock's fifty day moving average is GBX 365.63 and its two-hundred day moving average is GBX 290.61. The company has a quick ratio of 2.28, a current ratio of 2.80 and a debt-to-equity ratio of 1.27.

Everplay Group (LON:EVPL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.70 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, analysts predict that Everplay Group Plc will post 24.11 earnings per share 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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