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The latest update is out from everplay Group ( (GB:EVPL) ).
Everplay Group has acquired a 20% minority stake in Super Media Group, which includes Bulkhead, a UK-based FPS game developer. This acquisition, valued at £2.0 million, is part of a strategic partnership that aims to strengthen Everplay’s position in the FPS genre. The partnership will see Everplay collaborate with Bulkhead on a new multiplayer FPS game, Wardogs, and explore co-development opportunities within Team17’s Hell Let Loose franchise. This move aligns with Everplay’s strategy to grow first-party IP revenues and demonstrates its commitment to long-term relationships within the gaming industry.
The most recent analyst rating on (GB:EVPL) stock is a Hold with a £364.00 price target. To see the full list of analyst forecasts on everplay Group stock, see the GB:EVPL Stock Forecast page.
Spark’s Take on GB:EVPL Stock
According to Spark, TipRanks’ AI Analyst, GB:EVPL is a Neutral.
The overall stock score is driven by strong financial performance and a positive outlook for H2. However, bearish technical indicators and moderate valuation weigh down the score. The new CEO appointment adds a positive strategic element.
To see Spark’s full report on GB:EVPL stock, click here.
More about everplay Group
Everplay Group plc, formerly known as Team17 Group plc, is a leading global indie games label developer and publisher of premium video games and apps. It comprises three distinct divisions: Team17, astragon, and StoryToys. Team17 is known for iconic IPs such as Hell Let Loose, Worms, and Overcooked!. Astragon focuses on sophisticated working simulation games, while StoryToys develops educational entertainment apps for children under eight.
Average Trading Volume: 364,331
Technical Sentiment Signal: Hold
Current Market Cap: £476.9M
For a thorough assessment of EVPL stock, go to TipRanks’ Stock Analysis page.