Thomas Cook Group plc Price Target Cut to GBX 170 by Analysts at Berenberg Bank (TCG)
Analysts at Berenberg Bank lowered their target price on shares of Thomas Cook Group plc (LON:TCG) from GBX 200 ($3.40) to GBX 170 ($2.89) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 40.85% from the stock’s previous close.
Shares of Thomas Cook Group plc (LON:TCG) opened at 120.70 on Wednesday. Thomas Cook Group plc has a one year low of GBX 116.80 and a one year high of GBX 189.70. The stock has a 50-day moving average of GBX 129.3 and a 200-day moving average of GBX 163.5. The company’s market cap is £1.738 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Thomas Cook Group plc in a research note on Tuesday, July 29th. They now have a GBX 200 ($3.40) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Thomas Cook Group plc in a research note on Friday, July 18th. They now have a GBX 230 ($3.91) price target on the stock. Finally, analysts at Numis Securities Ltd cut their price target on shares of Thomas Cook Group plc from GBX 175 ($2.97) to GBX 135 ($2.29) in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Thomas Cook Group plc presently has a consensus rating of “Buy” and an average price target of GBX 190.21 ($3.23).
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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