Talktalk Telecom Group PLC (TALK) Price Target Lowered to GBX 290 at Macquarie
Talktalk Telecom Group PLC (LON:TALK) had its target price lowered by Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 33.95% from the company’s previous close.
TALK has been the topic of a number of other reports. Barclays PLC reaffirmed an “overweight” rating on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 17th. Haitong Bank reaffirmed a “sell” rating and set a GBX 150 ($1.86) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, July 20th. JPMorgan Chase & Co. upped their price target on Talktalk Telecom Group PLC from GBX 220 ($2.72) to GBX 230 ($2.85) and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 260 ($3.22) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 10th. Finally, HSBC increased their price objective on Talktalk Telecom Group PLC from GBX 225 ($2.78) to GBX 245 ($3.03) and gave the stock a “hold” rating in a research note on Wednesday, June 15th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 249.06 ($3.08).
Shares of Talktalk Telecom Group PLC (LON:TALK) traded up 0.32% on Monday, hitting GBX 216.50. The stock had a trading volume of 1,781,210 shares. The company has a 50-day moving average of GBX 206.15 and a 200 day moving average of GBX 227.13. The company’s market capitalization is GBX 2.05 billion. Talktalk Telecom Group PLC has a 52 week low of GBX 184.00 and a 52 week high of GBX 317.50.
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In related news, insider Torrens,Iain purchased 132 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was purchased at an average cost of GBX 225 ($2.78) per share, with a total value of £297 ($367.57).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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