Shore Capital Group Reiterates Buy Rating for Everplay Group (LON:EVPL)

Everplay Group (LON:EVPL)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 430 price objective on the stock. Shore Capital Group’s target price points to a potential upside of 65.26% from the stock’s previous close.

EVPL has been the subject of a number of other reports. Jefferies Financial Group dropped their target price on shares of Everplay Group from GBX 440 to GBX 380 and set a “buy” rating for the company in a report on Tuesday, March 31st. Berenberg Bank dropped their target price on shares of Everplay Group from GBX 450 to GBX 370 and set a “buy” rating for the company in a report on Thursday, March 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 455 target price on shares of Everplay Group in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 430.83.

Everplay Group Stock Performance

Everplay Group stock opened at GBX 260.20 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of GBX 256.59 and a 200-day moving average of GBX 296.91. The firm has a market cap of £374.94 million, a P/E ratio of 13.84, a P/E/G ratio of 3.16 and a beta of 0.31. Everplay Group has a 1-year low of GBX 205 and a 1-year high of GBX 440.50.

Everplay Group (LON:EVPL) last posted its earnings results on Tuesday, March 24th. The company reported GBX 25.70 earnings per share for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. Sell-side analysts expect that Everplay Group will post 24.1106719 EPS for the current year.

Insider Buying and Selling

In related news, insider Mikkel Weider acquired 21,526 shares of the stock in a transaction on Wednesday, March 25th. The stock was acquired at an average cost of GBX 234 per share, for a total transaction of £50,370.84. 21.66% of the stock is owned by company insiders.

Everplay Group Company Profile

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.