Telecity Group Given New GBX 1,100 Price Target at JPMorgan Chase & Co. (TCY)
JPMorgan Chase & Co. decreased their price target on shares of Telecity Group (LON:TCY) from GBX 1,200 ($19.40) to GBX 1,100 ($17.79) in a research note issued on Wednesday, AnalystRatings.NET reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 38.98% from the stock’s previous close.
Shares of Telecity Group (LON:TCY) traded down 0.50% on Wednesday, hitting GBX 791.50. 470,640 shares of the company’s stock traded hands. Telecity Group has a one year low of GBX 753.50 and a one year high of GBX 1026.00. The stock has a 50-day moving average of GBX 821.0 and a 200-day moving average of GBX 907.2. The company’s market cap is £1.598 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Monday, October 21st. They now have a GBX 1,240 ($20.05) price target on the stock. Separately, analysts at UBS AG upgraded shares of Telecity Group from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 18th. They now have a GBX 975 ($15.77) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Tuesday, October 15th. They now have a GBX 1,140 ($18.43) price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,015.83 ($16.43).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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