Team Internet Group (LON:TIG) Sets New 52-Week Low - What's Next?

Key Points

• Team Internet Group plc shares reached a new 52-week low, trading at GBX 48.20 ($0.65) before closing at GBX 51.20 ($0.69) on Monday.
• Berenberg Bank has maintained a "buy" rating for the stock, with a target price of GBX 100, indicating potential upside based on analyst consensus.
• The company's market cap stands at £128.07 million with a price-to-earnings ratio of 5.93, suggesting it may be undervalued compared to industry averages.

Team Internet Group plc (LON:TIG - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as GBX 48.20 ($0.65) and last traded at GBX 51.20 ($0.69), with a volume of 242388 shares. The stock had previously closed at GBX 50 ($0.67).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 100 price objective on shares of Team Internet Group in a research report on Monday, September 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 100.

Team Internet Group Stock Performance

The firm has a market cap of £128.07 million, a price-to-earnings ratio of 5.93 and a beta of 0.60. The company's fifty day moving average is GBX 60.43 and its two-hundred day moving average is GBX 61.50.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.

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