The Team17 (LON:TM17) share price has risen by 10.5% over the past month and it’s currently trading at 524p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Team17 currently has:
- 1 Buy recommendations
- 4 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Interestingly, at its current price, shares in Team17 are trading at a discount of -6.43% to its 52 week high price. The 1-year performance of the shares has been 165.3%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Team17 it's worth doing some investigation yourself.
There are all sorts of factors that could affect Team17's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Team17 – you might discover some surprising things you didn’t know.