Sumo Group’s (SUMO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Sumo Group (LON:SUMO) in a research note released on Thursday morning, Digital Look reports. The firm currently has a GBX 190 ($2.48) target price on the stock.

Several other research analysts also recently weighed in on SUMO. Peel Hunt restated a buy rating on shares of Sumo Group in a research report on Tuesday, October 8th. Liberum Capital reaffirmed a hold rating on shares of Sumo Group in a research note on Thursday, September 26th. Finally, Shore Capital cut shares of Sumo Group to a hold rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 178.80 ($2.34).

Shares of SUMO traded up GBX 1.75 ($0.02) during mid-day trading on Thursday, hitting GBX 158 ($2.06). 74,256 shares of the company were exchanged, compared to its average volume of 169,793. Sumo Group has a 1-year low of GBX 105 ($1.37) and a 1-year high of GBX 178 ($2.33). The company has a debt-to-equity ratio of 10.59, a quick ratio of 2.07 and a current ratio of 2.07. The company has a 50 day moving average of GBX 157.41 and a 200-day moving average of GBX 154.15. The stock has a market cap of $240.16 million and a price-to-earnings ratio of 98.75.

About Sumo Group

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.

Read More: Penny Stocks, Risk and Reward Factors

Analyst Recommendations for Sumo Group (LON:SUMO)

Receive News & Ratings for Sumo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumo Group and related companies with MarketBeat.com's FREE daily email newsletter.