Talktalk Telecom Group (TALK) Price Target Cut to GBX 140
Talktalk Telecom Group (LON:TALK) had its price target decreased by Royal Bank of Canada from GBX 150 ($2.10) to GBX 140 ($1.96) in a report published on Friday. Royal Bank of Canada currently has an outperform rating on the stock.
Other analysts have also issued research reports about the company. Societe Generale dropped their price target on Talktalk Telecom Group from GBX 150 ($2.10) to GBX 125 ($1.75) and set a sell rating for the company in a research note on Monday, January 29th. Deutsche Bank reaffirmed a buy rating and issued a GBX 230 ($3.22) price target on shares of Talktalk Telecom Group in a research note on Thursday, November 16th. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 170 ($2.38) price target on shares of Talktalk Telecom Group in a research note on Friday, October 13th. Barclays lowered Talktalk Telecom Group to an equal weight rating and raised their price target for the stock from GBX 185 ($2.59) to GBX 215 ($3.01) in a research note on Friday, October 13th. Finally, BNP Paribas dropped their price target on Talktalk Telecom Group from GBX 140 ($1.96) to GBX 90 ($1.26) and set an underperform rating for the company in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Talktalk Telecom Group presently has a consensus rating of Hold and a consensus target price of GBX 144.29 ($2.02).
Shares of Talktalk Telecom Group (LON TALK) opened at GBX 110.70 ($1.55) on Friday. Talktalk Telecom Group has a 52 week low of GBX 98.65 ($1.38) and a 52 week high of GBX 220 ($3.08). The company has a market capitalization of $1,000.00 and a price-to-earnings ratio of -2,767.50.
In related news, insider Charles W. Dunstone purchased 32,710,280 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of GBX 107 ($1.50) per share, with a total value of £34,999,999.60 ($49,074,592.82).
About Talktalk Telecom Group
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.
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