Ten Entertainment Group (TEG) Price Target Raised to GBX 310

Ten Entertainment Group (LON:TEG) had its price objective boosted by Berenberg Bank from GBX 300 ($4.07) to GBX 310 ($4.21) in a research note released on Monday, April 23rd. The brokerage currently has a buy rating on the stock.

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

Ten Entertainment Group traded down GBX 3 ($0.04), hitting GBX 251 ($3.40), during trading hours on Monday, according to Marketbeat. The company had a trading volume of 28,783 shares, compared to its average volume of 7,966. Ten Entertainment Group has a fifty-two week low of GBX 152 ($2.06) and a fifty-two week high of GBX 274.50 ($3.72).

The company also recently declared a dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 7 ($0.09) per share. The ex-dividend date of this dividend is Thursday, May 24th. This is an increase 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 firm’s stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of GBX 240 ($3.26), for a total transaction of £520,888.80 ($706,577.32).

About Ten Entertainment Group

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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