HSBC Holdings PLC Begins Coverage on Thomas Cook Group plc (TCG)
HSBC Holdings PLC initiated coverage on shares of Thomas Cook Group plc (LON:TCG) in a report released on Monday morning. The firm issued a buy rating and a GBX 140 ($1.84) price target on the travel company’s stock.
Other equities research analysts also recently issued reports about the stock. Shore Capital reiterated a buy rating on shares of Thomas Cook Group plc in a research note on Thursday, September 14th. Barclays PLC reiterated an equal weight rating and issued a GBX 122 ($1.60) target price on shares of Thomas Cook Group plc in a research note on Tuesday, November 7th. J P Morgan Chase & Co raised their target price on shares of Thomas Cook Group plc from GBX 104 ($1.37) to GBX 105 ($1.38) and gave the company a neutral rating in a research note on Friday, July 28th. Citigroup Inc. raised their target price on shares of Thomas Cook Group plc from GBX 80 ($1.05) to GBX 115 ($1.51) and gave the company a neutral rating in a research note on Monday, July 31st. Finally, Panmure Gordon reiterated a sell rating on shares of Thomas Cook Group plc in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 103.44 ($1.36).
Thomas Cook Group plc (LON TCG) opened at GBX 110.90 ($1.46) on Monday. Thomas Cook Group plc has a one year low of GBX 72.05 ($0.95) and a one year high of GBX 127.60 ($1.68).
Thomas Cook Group plc (LON:TCG) last posted its quarterly earnings data on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). Thomas Cook Group plc had a negative return on equity of 211.75% and a negative net margin of 9.08%. The business had revenue of GBX 900.70 billion for the quarter.
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About Thomas Cook Group plc
Thomas Cook Group plc is a holiday company. The Company’s segments are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Its hotels and resort brands include Sentido, Sunprime, Sunwing, Sunconnect, Smartline and Casa Cook. It has airline operations in Belgium, Scandinavia and the United Kingdom.
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