Thomas Cook Group (TCG) Upgraded by Morgan Stanley to Overweight
Morgan Stanley upgraded shares of Thomas Cook Group (LON:TCG) to an overweight rating in a research note published on Monday morning. They currently have GBX 140 ($1.90) price target on the travel company’s stock, up from their previous price target of GBX 130 ($1.76).
A number of other analysts also recently commented on TCG. Shore Capital reissued a buy rating on shares of Thomas Cook Group in a research note on Thursday, September 14th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 105 ($1.42) price objective on shares of Thomas Cook Group in a research note on Wednesday, September 27th. Barclays reissued an equal weight rating and issued a GBX 122 ($1.65) price objective on shares of Thomas Cook Group in a research note on Tuesday, November 7th. HSBC initiated coverage on Thomas Cook Group in a research note on Monday, November 20th. They issued a buy rating and a GBX 140 ($1.90) price objective on the stock. Finally, Berenberg Bank downgraded Thomas Cook Group to a sell rating and boosted their price objective for the stock from GBX 80 ($1.08) to GBX 100 ($1.36) in a research note on Thursday, November 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Thomas Cook Group has an average rating of Hold and an average price target of GBX 116 ($1.57).
Shares of Thomas Cook Group (TCG) opened at GBX 128.90 ($1.75) on Monday. Thomas Cook Group has a 12 month low of GBX 82.59 ($1.12) and a 12 month high of GBX 132.20 ($1.79). The company has a market capitalization of $1,980.00 and a price-to-earnings ratio of 12,890.00.
Thomas Cook Group (LON:TCG) last posted its quarterly earnings data on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). Thomas Cook Group 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 during the quarter.
The business also recently announced a dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 8th will be given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date is Thursday, March 8th. This is a positive change from Thomas Cook Group’s previous dividend of $0.50. This represents a dividend yield of 0.51%.
In other news, insider Peter Fankhauser sold 91,348 shares of Thomas Cook Group stock in a transaction on Monday, January 8th. The stock was sold at an average price of GBX 127 ($1.72), for a total transaction of £116,011.96 ($157,325.68). Also, insider Paul Edgecliffe-Johnson purchased 17,852 shares of the stock in a transaction dated Thursday, November 23rd. The shares were acquired at an average price of GBX 111 ($1.51) per share, for a total transaction of £19,815.72 ($26,872.42).
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Thomas Cook Group Company Profile
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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