Team Internet Group (LON:TIG) Trading Down 5% - Here's Why

Key Points

• Team Internet Group plc (LON:TIG) saw a 5% drop in stock price, trading at GBX 54.55 ($0.73) after reaching a low of GBX 53.80 ($0.72) during the session.
• The company's average rating remains "Buy" with a consensus target price of GBX 100, despite the recent decline in share value.
• Current market capitalization of Team Internet Group is £132.32 million, with a significant price-to-earnings ratio of 612.98.

Team Internet Group plc (LON:TIG - Get Free Report) dropped 5% during trading on Thursday . The stock traded as low as GBX 53.80 ($0.72) and last traded at GBX 54.55 ($0.73). Approximately 205,331 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 489,699 shares. The stock had previously closed at GBX 57.40 ($0.77).

Analyst Ratings Changes

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

Team Internet Group Price Performance

The business has a fifty day moving average price of GBX 60.92 and a 200 day moving average price of GBX 61.54. The company has a market capitalization of £132.32 million, a price-to-earnings ratio of 612.98 and a beta of 0.60.

Team Internet Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.