Thomas Cook Group plc (TCG) PT Raised to GBX 130
Thomas Cook Group plc (LON:TCG) had its price target raised by analysts at Morgan Stanley from GBX 125 ($1.64) to GBX 130 ($1.71) in a research note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the travel company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 16.59% from the company’s previous close.
A number of other analysts have also commented on the stock. Shore Capital reissued a “buy” rating on shares of Thomas Cook Group plc in a research report on Thursday, July 27th. Panmure Gordon reissued a “sell” rating on shares of Thomas Cook Group plc in a research report on Thursday, July 27th. J P Morgan Chase & Co boosted their price objective on shares of Thomas Cook Group plc from GBX 104 ($1.37) to GBX 105 ($1.38) and gave the stock a “neutral” rating in a research report on Friday, July 28th. Citigroup Inc. boosted their price objective on shares of Thomas Cook Group plc from GBX 80 ($1.05) to GBX 115 ($1.51) and gave the stock a “neutral” rating in a research report on Monday, July 31st. Finally, HSBC Holdings PLC initiated coverage on shares of Thomas Cook Group plc in a research report on Monday. They issued a “buy” rating and a GBX 140 ($1.84) price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 106.10 ($1.40).
Thomas Cook Group plc (LON TCG) remained flat at $GBX 111.50 ($1.47) during trading on Thursday. The company had a trading volume of 6,641,726 shares, compared to its average volume of 3,400,000. Thomas Cook Group plc has a 12-month low of GBX 72.05 ($0.95) and a 12-month high of GBX 127.60 ($1.68).
Thomas Cook Group plc (LON:TCG) last released its quarterly earnings data on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.12) earnings per share for the quarter, missing the 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 firm 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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