Berenberg Bank Increases Ten Entertainment Group (LON:TEG) Price Target to GBX 310

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, 2018-05-15 15:18:31

Ten Entertainment Group (LON:TEG) had its target price increased by Berenberg Bank from GBX 300 ($4.07) to GBX 310 ($4.21) in a research report report published on Monday, April 23rd. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on TEG. Peel Hunt restated a buy rating and set a GBX 250 ($3.39) price objective on shares of Ten Entertainment Group in a research report on Friday, January 5th. Numis Securities reaffirmed a buy rating and set a GBX 327 ($4.44) target price on shares of Ten Entertainment Group in a report on Friday, January 19th.

Shares of LON TEG remained flat at $GBX 250 ($3.39) during midday trading on Monday. 81,817 shares of the stock traded hands, compared to its average volume of 7,966. Ten Entertainment Group has a 52-week low of GBX 152 ($2.06) and a 52-week high of GBX 274.50 ($3.72).

The company also recently disclosed a dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, May 24th will be paid a GBX 7 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, May 24th. This is a boost from Ten Entertainment Group’s previous dividend of $3.00. This represents a dividend yield of 2.78%.

In other news, insider Alan Michael Hand sold 217,037 shares of the stock in a transaction on Thursday, April 26th. The shares were sold at an average price of GBX 240 ($3.26), for a total value of £520,888.80 ($706,577.32).

Ten Entertainment Group Company Profile

Ten Entertainment Group plc, together with its subsidiaries, engages in ten-pin bowling operations in the United Kingdom. The company operates 40 ten-pin bowling sites with approximately 1,000 bowling lanes under the Tenpin brand. It also engages in amusement machine, table tennis, soft play, laser game, pool table, and restaurant and bar activities.

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