TeleCity Group Plc’s Buy Rating Reaffirmed at Jefferies Group (TCY)
TeleCity Group Plc (LON:TCY)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a GBX 1,020 ($17.32) target price on the stock. Jefferies Group’s price target would suggest a potential upside of 28.95% from the stock’s previous close.
Shares of TeleCity Group Plc (LON:TCY) traded down 0.50% during mid-day trading on Friday, hitting GBX 791.00. 434,531 shares of the company’s stock traded hands. TeleCity Group Plc has a one year low of GBX 625.00 and a one year high of GBX 889.00. The stock’s 50-day moving average is GBX 767.2 and its 200-day moving average is GBX 714.7. The company’s market cap is £1.602 billion.
A number of other analysts have also recently weighed in on TCY. Analysts at Liberum Capital reiterated a “sell” rating on shares of TeleCity Group Plc in a research note on Wednesday. They now have a GBX 685 ($11.63) price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of TeleCity Group Plc from GBX 945 ($16.05) to GBX 1,045 ($17.74) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of TeleCity Group Plc in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. TeleCity Group Plc presently has an average rating of “Hold” and a consensus price target of GBX 865 ($14.69).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.