Berenberg Bank Forecasts Strong Price Appreciation for Everplay Group (LON:EVPL) Stock

Everplay Group (LON:EVPL) had its price target increased by Berenberg Bank from GBX 495 to GBX 555 in a note issued to investors on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 36.36% from the stock’s current price.

EVPL has been the topic of several other reports. Shore Capital Group reiterated a “buy” rating and set a GBX 470 price target on shares of Everplay Group in a report on Wednesday, September 30th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 455 target price on shares of Everplay Group in a research report on Tuesday, September 15th. Finally, Jefferies Financial Group upped their target price on Everplay Group from GBX 540 to GBX 580 and gave the company a “buy” rating in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 508.

Everplay Group Trading Down 2.7%

Shares of EVPL stock opened at GBX 407 on Tuesday. The firm has a fifty day moving average price of GBX 314 and a 200-day moving average price of GBX 271.04. The company has a market cap of £586.47 million, a price-to-earnings ratio of 37.00, a PEG 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 463.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28.

Everplay Group (LON:EVPL) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.70 earnings per share (EPS) for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. As a group, equities analysts predict that Everplay Group will post 24.1106719 earnings per share for the current year.

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.