Codemasters Group (LON:CDM) PT Raised to GBX 380

Codemasters Group (LON:CDM) had its target price lifted by Berenberg Bank from GBX 290 ($3.79) to GBX 380 ($4.97) in a report released on Friday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 59.00% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Liberum Capital boosted their price objective on Codemasters Group from GBX 310 ($4.05) to GBX 370 ($4.83) and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Shore Capital reaffirmed a “buy” rating on shares of Codemasters Group in a report on Tuesday, November 26th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Codemasters Group in a report on Tuesday, November 26th.

Shares of LON:CDM opened at GBX 239 ($3.12) on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.99 and a current ratio of 2.09. The stock’s 50-day moving average is GBX 219.87 and its 200-day moving average is GBX 220.12. The company has a market cap of $361.63 million and a P/E ratio of 15.52. Codemasters Group has a 52-week low of GBX 156 ($2.04) and a 52-week high of GBX 256 ($3.35).

About Codemasters Group

Codemasters Group Holdings Plc, together with its subsidiaries, develops, publishes, markets, and distributes racing video games in the United Kingdom and internationally. The company is headquartered in Southam, the United Kingdom. Codemasters Group Holdings Plc is a subsidiary of Reliance Big Entertainment (Singapore) Pte Limited.

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