Team Internet Group (LON:TIG) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Team Internet Group plc (LON:TIG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 41.39 and traded as high as GBX 46. Team Internet Group shares last traded at GBX 44.06, with a volume of 310,190 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 90 price objective on shares of Team Internet Group in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 90.

Team Internet Group Stock Up 1.1%

The stock has a market cap of £108.58 million, a P/E ratio of -1.75 and a beta of 0.47. The firm has a 50 day moving average price of GBX 43.60 and a 200 day moving average price of GBX 41.41.

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. The Online Marketing segment offers privacy-safe AI-based customer journeys that help online consumers make informed choices. It also sells domain names to registrants and license registry management platform.