TeleCity Group Plc Price Target Cut to GBX 1,050 (TCY)
Investment analysts at Barclays lowered their price objective on shares of TeleCity Group Plc (LON:TCY) from GBX 1,140 ($18.70) to GBX 1,050 ($17.23) in a note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 63.81% from the company’s current price.
TCY has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. cut their price target on shares of TeleCity Group Plc from GBX 970 ($15.91) to GBX 850 ($13.95) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 920.63 ($15.10).
TeleCity Group Plc (LON:TCY) traded down 7.56% on Thursday, hitting GBX 660.50. The stock had a trading volume of 4,152,415 shares. TeleCity Group Plc has a 52 week low of GBX 633.00 and a 52 week high of GBX 1026.00. The stock’s 50-day moving average is GBX 736.7 and its 200-day moving average is GBX 772.3. The company’s market cap is £1.334 billion.
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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