Team Internet Group (LON:TIG) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Team Internet Group plc's shares recently crossed above the 200-day moving average, indicating potential upward momentum in stock performance.
• Berenberg Bank has maintained a "buy" rating on Team Internet Group, setting a price target of GBX 100 for the stock.
• The company's market capitalization is currently £150.68 million, with a price-to-earnings ratio of 698.03, reflecting significant investor interest despite high valuations.

Shares of Team Internet Group plc (LON:TIG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 61.60 ($0.82) and traded as high as GBX 62.90 ($0.84). Team Internet Group shares last traded at GBX 59.50 ($0.79), with a volume of 216,719 shares trading hands.

Wall Street Analysts Forecast Growth

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

Team Internet Group Trading Up 1.2%

The stock has a market cap of £150.68 million, a price-to-earnings ratio of 698.03 and a beta of 0.60. The stock has a fifty day simple moving average of GBX 61.20 and a 200-day simple moving average of GBX 61.60.

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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