Numis Securities Ltd Reiterates “Buy” Rating for TeleCity Group Plc (TCY)
TeleCity Group Plc (LON:TCY)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 880 ($14.75) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 16.87% from the company’s current price.
TeleCity Group Plc (LON:TCY) traded up 1.20% during mid-day trading on Friday, hitting GBX 762.00. 206,189 shares of the company’s stock traded hands. TeleCity Group Plc has a 52 week low of GBX 625.00 and a 52 week high of GBX 1026.00. The stock has a 50-day moving average of GBX 693.1 and a 200-day moving average of GBX 696.2. The company’s market cap is £1.543 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Tuesday. They now have a GBX 925 ($15.51) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Friday, May 30th. They now have a GBX 850 ($14.25) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of TeleCity Group Plc in a research note on Friday, May 23rd. They now have a GBX 600 ($10.06) price target on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 875.36 ($14.67).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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