Citigroup Inc. Lowers TeleCity Group Plc Price Target to GBX 850 (TCY)
Equities research analysts at Citigroup Inc. dropped their target price on shares of TeleCity Group Plc (LON:TCY) from GBX 970 ($15.91) to GBX 850 ($13.95) in a research note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 32.61% from the company’s current price.
Shares of TeleCity Group Plc (LON:TCY) traded down 2.88% during mid-day trading on Thursday, hitting GBX 641.00. 4,601,564 shares of the company’s stock traded hands. TeleCity Group Plc has a 52 week low of GBX 632.50 and a 52 week high of GBX 1026.00. The stock’s 50-day moving average is GBX 735.6 and its 200-day moving average is GBX 769.2. The company’s market cap is £1.294 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Thursday. They now have a GBX 1,020 ($16.74) price target on the stock. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of TeleCity Group Plc in a research note on Wednesday. They now have a GBX 650 ($10.66) price target on the stock. Finally, analysts at Killik & Co downgraded shares of TeleCity Group Plc to a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 920.63 ($15.10).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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