Berenberg Bank Issues Pessimistic Forecast for Everplay Group (LON:EVPL) Stock Price

Everplay Group (LON:EVPL) had its target price reduced by investment analysts at Berenberg Bank from GBX 450 to GBX 370 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 75.04% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EVPL. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Everplay Group in a research note on Monday, February 2nd. Shore Capital Group reiterated a “buy” rating on shares of Everplay Group in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 455 target price on shares of Everplay Group in a research note on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 445.83.

Everplay Group Price Performance

Shares of LON EVPL opened at GBX 211.38 on Thursday. 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 stock has a fifty day simple moving average of GBX 294.13 and a two-hundred day simple moving average of GBX 336.75. Everplay Group has a 1-year low of GBX 207.48 and a 1-year high of GBX 440.50. The firm has a market cap of £304.56 million, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31.

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

Insiders Place Their Bets

In related news, insider Mikkel Weider bought 21,526 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was acquired at an average price of GBX 234 per share, for a total transaction of £50,370.84. Also, insider Frank Theodore Sagnier bought 33,200 shares of Everplay Group stock in a transaction on Monday, February 9th. The shares were bought at an average cost of GBX 301 per share, with a total value of £99,932. Insiders own 21.66% of the company’s stock.

About Everplay Group

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.