Thomas Cook Group plc Coverage Initiated at Berenberg Bank (TCG)
Analysts at Berenberg Bank began coverage on shares of Thomas Cook Group plc (LON:TCG) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a GBX 200 ($3.35) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 28.45% from the stock’s previous close.
Shares of Thomas Cook Group plc (LON:TCG) traded up 1.16% on Friday, hitting GBX 157.50. 3,596,712 shares of the company’s stock traded hands. Thomas Cook Group plc has a one year low of GBX 110.144 and a one year high of GBX 189.70. The stock has a 50-day moving average of GBX 169.0 and a 200-day moving average of GBX 173.0. The company’s market cap is £2.268 billion.
TCG has been the subject of a number of other recent research reports. Analysts at Nomura upgraded shares of Thomas Cook Group plc to a “neutral” rating in a research note on Thursday, May 29th. They now have a GBX 173 ($2.90) price target on the stock. Separately, analysts at Natixis upgraded shares of Thomas Cook Group plc to a “buy” rating in a research note on Friday, May 16th. They now have a GBX 210 ($3.52) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Thomas Cook Group plc in a research note on Thursday, May 15th. They now have a GBX 253 ($4.24) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 198.42 ($3.33).
Thomas Cook Group plc is a United Kingdom-based leisure travel company. The Company operates in 19 source markets and operates under brands, including Thomas Cook, Neckermann, Condor, Jet tours, Ving, Spies and Tja reborg.
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