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Team Internet Group (LON:TIG) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Team Internet Group logo with Communication Services background

Key Points

  • Team Internet Group's share price has crossed above its 200-day moving average, reaching a high of GBX 64.90 ($0.87) during trading.
  • Berenberg Bank has restated a "buy" rating and set a price target of GBX 100 for Team Internet Group shares.
  • The company, with a market capitalization of £156.08 million, focuses on providing domain name services globally through its Online Presence and Online Marketing segments.
  • Interested in Team Internet Group? Here are five stocks we like better.

Team Internet Group plc (LON:TIG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 61.79 ($0.83) and traded as high as GBX 64.90 ($0.87). Team Internet Group shares last traded at GBX 62.40 ($0.84), with a volume of 85,879 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Team Internet Group

Team Internet Group Trading Up 0.6%

The company has a market capitalization of £156.08 million, a PE ratio of 723.06 and a beta of 0.60. The business's fifty day moving average is GBX 61.07 and its two-hundred day moving average is GBX 61.79.

About Team Internet Group

(Get Free Report)

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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