Sumo Group (LON:SUMO) Rating Increased to Buy at Shore Capital

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Sumo Group (LON:SUMO) was upgraded by equities researchers at Shore Capital to a “buy” rating in a research note issued on Wednesday, Stock Target Advisor reports.

Several other equities analysts have also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating on shares of Sumo Group in a research report on Tuesday, March 3rd. Peel Hunt reiterated a “buy” rating on shares of Sumo Group in a research report on Monday. Five research analysts have rated the stock with a buy rating, Sumo Group presently has an average rating of “Buy” and a consensus target price of GBX 195.80 ($2.58).

Shares of SUMO stock opened at GBX 147 ($1.93) on Wednesday. Sumo Group has a 1 year low of GBX 125.50 ($1.65) and a 1 year high of GBX 205 ($2.70). The stock has a market cap of $223.10 million and a PE ratio of 91.88. The business’s fifty day moving average is GBX 170.67 and its 200-day moving average is GBX 167.79. The company has a debt-to-equity ratio of 10.59, a quick ratio of 2.07 and a current ratio of 2.07.

In related news, insider Carl Cavers sold 500,000 shares of Sumo Group stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of GBX 195 ($2.57), for a total value of £975,000 ($1,282,557.22).

Sumo Group Company Profile

Sumo Group Plc, together with its subsidiaries, develops and provides video games in the United Kingdom. The company develops games across a range of console platforms, PC, handheld, and mobile devices. It also offers services to entertainment industry, including games, TV, and film. The company was founded in 2003 and is headquartered in Sheffield, the United Kingdom.

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Analyst Recommendations for Sumo Group (LON:SUMO)

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