TUI Travel Price Target Increased to GBX 480 by Analysts at JPMorgan Chase & Co. (TT)
Analysts at JPMorgan Chase & Co. raised their price objective on shares of TUI Travel (LON:TT) from GBX 410 ($6.73) to GBX 480 ($7.88) in a research report issued to clients and investors on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 16.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of TUI Travel in a research note to investors on Thursday, January 9th. They now have a GBX 445 ($7.30) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of TUI Travel from GBX 372 ($6.11) to GBX 405 ($6.65) in a research note to investors on Friday, December 13th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of TUI Travel in a research note to investors on Thursday, December 12th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 392.32 ($6.44).
TUI Travel (LON:TT) traded down 1.81% during mid-day trading on Friday, hitting GBX 412.40. 2,053,854 shares of the company’s stock traded hands. TUI Travel has a 1-year low of GBX 288.30 and a 1-year high of GBX 434.80. The stock has a 50-day moving average of GBX 405.8 and a 200-day moving average of GBX 378.7. The company’s market cap is £4.577 billion.
TUI Travel PLC is a leisure travel company with over 250 brands in 180 countries and more 30 million customers.
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