Team Internet Group (LON:TIG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Team Internet Group plc (LON:TIG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 61.79 ($0.83) and traded as high as GBX 64.90 ($0.87). Team Internet Group shares last traded at GBX 62.40 ($0.84), with a volume of 85,879 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 100 target price on shares of Team Internet Group in a research report on Monday, September 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Team Internet Group currently has an average rating of “Buy” and a consensus price target of GBX 100.

Team Internet Group Stock Performance

The business’s 50-day moving average price is GBX 61.07 and its 200-day moving average price is GBX 61.79. The stock has a market cap of £156.08 million, a P/E ratio of 723.06 and a beta of 0.60.

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.