Team Internet Group (LON:TIG) Stock Passes Above 200-Day Moving Average – What’s Next?

Team Internet Group plc (LON:TIG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 42.29 and traded as high as GBX 44.25. Team Internet Group shares last traded at GBX 42, with a volume of 273,341 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 90 price target on shares of Team Internet Group in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 90.

Team Internet Group Price Performance

The company’s 50 day simple moving average is GBX 41.75 and its 200 day simple moving average is GBX 42.29. The firm has a market cap of £105.06 million, a price-to-earnings ratio of 4.87 and a beta of 0.49.

About Team Internet Group

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.