Sumo Group (LON:SUMO) Price Target Raised to GBX 203

Sumo Group (LON:SUMO) had its target price increased by Peel Hunt from GBX 200 ($2.61) to GBX 203 ($2.65) in a research note issued to investors on Friday, February 1st. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 60.47% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating on shares of Sumo Group in a research note on Thursday, November 8th.

Sumo Group stock opened at GBX 124.94 ($1.63) on Friday. Sumo Group has a one year low of GBX 96 ($1.25) and a one year high of GBX 120 ($1.57).

In other Sumo Group news, insider Andrea Dunstan acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of GBX 150 ($1.96) per share, for a total transaction of £30,000 ($39,200.31). Also, insider David Wilton acquired 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 22nd. The stock was acquired at an average price of GBX 138 ($1.80) per share, for a total transaction of £17,250 ($22,540.18).

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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