Telecity Group’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (TCY)
Telecity Group (LON:TCY)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,100 ($18.06) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 43.79% from the company’s current price.
Shares of Telecity Group (LON:TCY) traded up 2.03% during mid-day trading on Wednesday, hitting GBX 780.50. The stock had a trading volume of 758,958 shares. Telecity Group has a 52 week low of GBX 633.00 and a 52 week high of GBX 1026.00. The stock has a 50-day moving average of GBX 718.0 and a 200-day moving average of GBX 800.0. The company’s market cap is £1.576 billion.
A number of other analysts have also recently weighed in on TCY. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Thursday, January 16th. They now have a GBX 970 ($15.92) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Tuesday, January 14th. They now have a GBX 990 ($16.25) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Telecity Group in a research note to investors on Tuesday, January 7th. They now have a GBX 560 ($9.19) price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 952.67 ($15.64).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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