Sumo Group (LON:SUMO) Given “Buy” Rating at Peel Hunt

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Sumo Group (LON:SUMO)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research report issued on Tuesday, May 28th, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on the company. Berenberg Bank reduced their price target on Sumo Group from GBX 205 ($2.68) to GBX 170 ($2.22) and set a “buy” rating on the stock in a research report on Friday, February 22nd. Liberum Capital raised Sumo Group to a “hold” rating and increased their price target for the company from GBX 120 ($1.57) to GBX 145 ($1.89) in a research report on Tuesday, April 9th. Finally, Shore Capital began coverage on Sumo Group in a research report on Monday, May 20th. They issued a “hold” rating and a GBX 159 ($2.08) price target on the stock.

Sumo Group stock traded down GBX 0.50 ($0.01) during midday trading on Tuesday, reaching GBX 139.25 ($1.82). 13,668 shares of the stock traded hands, compared to its average volume of 169,793. Sumo Group has a 12-month low of GBX 105 ($1.37) and a 12-month high of GBX 187 ($2.44). The stock has a market capitalization of $208.98 million and a price-to-earnings ratio of -696.25.

In related news, insider Paul Porter sold 1,200,000 shares of Sumo Group stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of GBX 130 ($1.70), for a total value of £1,560,000 ($2,038,416.31). Also, insider David Wilton purchased 1,229 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of GBX 147 ($1.92) per share, for a total transaction of £1,806.63 ($2,360.68).

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.

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