Berenberg Bank Issues Pessimistic Forecast for Team Internet Group (LON:TIG) Stock Price

Team Internet Group (LON:TIG) had its price objective lowered by investment analysts at Berenberg Bank from GBX 100 to GBX 90 in a note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 88.75% from the company’s previous close.

Team Internet Group Price Performance

Shares of TIG stock traded up GBX 0.08 during trading hours on Thursday, reaching GBX 47.68. 311,186 shares of the company’s stock were exchanged, compared to its average volume of 484,598. The company’s 50 day moving average is GBX 55.55 and its two-hundred day moving average is GBX 60.66. The company has a market cap of £119.27 million, a P/E ratio of 5.53 and a beta of 0.60. Team Internet Group has a 1 year low of GBX 42.40 and a 1 year high of GBX 120.80.

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.