Talktalk Telecom Group PLC Price Target Increased to GBX 450 by Analysts at Goldman Sachs (TALK)
Investment analysts at Goldman Sachs boosted their price target on shares of Talktalk Telecom Group PLC (LON:TALK) from GBX 365 ($6.14) to GBX 450 ($7.57) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Goldman Sachs’ price target would suggest a potential upside of 43.77% from the stock’s previous close.
Talktalk Telecom Group PLC (LON:TALK) traded up 0.80% during mid-day trading on Wednesday, hitting GBX 315.50. 854,929 shares of the company’s stock traded hands. Talktalk Telecom Group PLC has a 1-year low of GBX 213.40 and a 1-year high of GBX 329.20. The stock has a 50-day moving average of GBX 296.8 and a 200-day moving average of GBX 300.5. The company’s market cap is £2.874 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 8 ($0.13) per share. This represents a dividend yield of 2.81%. The ex-dividend date is Wednesday, July 2nd.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Talktalk Telecom Group PLC in a research note on Tuesday. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Talktalk Telecom Group PLC in a research note on Friday, May 16th. They now have a GBX 350 ($5.89) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 293.50 ($4.94).
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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