Thomas Cook Group (TCG) Stock Rating Reaffirmed by Berenberg Bank
Thomas Cook Group (LON:TCG)‘s stock had its “sell” rating restated by research analysts at Berenberg Bank in a research report issued to clients and investors on Friday. They currently have a GBX 12 ($0.16) target price on the travel company’s stock. Berenberg Bank’s price objective points to a potential downside of 56.49% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. UBS Group reissued a “neutral” rating and set a GBX 32 ($0.42) target price (down previously from GBX 34 ($0.44)) on shares of Thomas Cook Group in a research report on Monday. Morgan Stanley cut Thomas Cook Group to an “equal weight” rating and dropped their price objective for the company from GBX 155 ($2.03) to GBX 60 ($0.78) in a report on Wednesday, January 30th. HSBC dropped their price objective on Thomas Cook Group from GBX 70 ($0.91) to GBX 34 ($0.44) and set a “buy” rating for the company in a report on Wednesday, February 6th. Barclays dropped their price objective on Thomas Cook Group from GBX 120 ($1.57) to GBX 46 ($0.60) and set an “equal weight” rating for the company in a report on Wednesday, November 28th. Finally, Shore Capital restated a “hold” rating on shares of Thomas Cook Group in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 69.67 ($0.91).
LON:TCG traded down GBX 1.42 ($0.02) during trading hours on Friday, reaching GBX 27.58 ($0.36). The stock had a trading volume of 19,919,885 shares, compared to its average volume of 4,480,000. Thomas Cook Group has a 52 week low of GBX 83.25 ($1.09) and a 52 week high of GBX 132.20 ($1.73).
In other news, insider Frank Meysman bought 373,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was acquired at an average cost of GBX 22 ($0.29) per share, for a total transaction of £82,060 ($107,225.92).
Thomas Cook Group Company Profile
Thomas Cook Group plc provides travel services in the United Kingdom, Continental Europe, and Northern Europe. The company operates through Group Tour Operator and Group Airline segments. It owns, manages, or franchises 270 hotels primarily under the Casa Cook, Cook's Club, and Sunwing brands. As of December 12, 2018, the company operated an airline fleet of 101 aircrafts to 120 destinations.
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