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Team Internet Group (LON:TIG) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Team Internet Group logo with Communication Services background

Key Points

  • Team Internet Group plc's stock price has recently surpassed its 200-day moving average of GBX 61.61, trading as high as GBX 64.90.
  • Berenberg Bank has reissued a buy rating with a target price of GBX 100, contributing to the stock's current average rating of "Buy."
  • The company operates in the domain name services industry and has a market capitalization of £162.34 million with a price-to-earnings ratio of 752.03.
  • Interested in Team Internet Group? Here are five stocks we like better.

Team Internet Group plc (LON:TIG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 61.61 ($0.82) and traded as high as GBX 64.90 ($0.87). Team Internet Group shares last traded at GBX 63.10 ($0.84), with a volume of 608,002 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on Team Internet Group

Team Internet Group Stock Performance

The firm has a fifty day simple moving average of GBX 61.32 and a 200-day simple moving average of GBX 61.61. The firm has a market cap of £162.34 million, a price-to-earnings ratio of 752.03 and a beta of 0.60.

Team Internet Group Company Profile

(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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