Team Internet Group (LON:TIG) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Team Internet Group shares have crossed above their 200-day moving average, currently trading at GBX 62.80, indicating potential bullish momentum.
• Berenberg Bank has maintained a "buy" rating on Team Internet Group with a price target of GBX 100, suggesting investor confidence in the stock's growth.
• The company has a market cap of £157.09 million and a high PE ratio of 727.69, highlighting investor speculation on future earnings.

Team Internet Group plc (LON:TIG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 61.63 ($0.83) and traded as high as GBX 63.14 ($0.85). Team Internet Group shares last traded at GBX 62.80 ($0.85), with a volume of 281,067 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 100 price target on shares of Team Internet Group in a report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Team Internet Group currently has an average rating of "Buy" and a consensus price target of GBX 100.

Team Internet Group Price Performance

The stock has a market cap of £157.84 million, a P/E ratio of 731.17 and a beta of 0.60. The firm's 50-day moving average price is GBX 61.56 and its 200-day moving average price is GBX 61.52.

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.