Talktalk Telecom Group PLC (TALK) Price Target Lowered to GBX 290 at Macquarie
Talktalk Telecom Group PLC (LON:TALK) had its price target decreased by research analysts at Macquarie from GBX 300 ($3.92) to GBX 290 ($3.79) in a research note issued to investors on Monday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 34.38% from the company’s current price.
A number of other research firms have also recently issued reports on TALK. Barclays PLC reiterated an “overweight” rating on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 17th. Haitong Bank reiterated a “sell” rating and set a GBX 150 ($1.96) target price on shares of Talktalk Telecom Group PLC in a report on Tuesday, July 26th. Jefferies Group lowered their target price on Talktalk Telecom Group PLC from GBX 150 ($1.96) to GBX 140 ($1.83) and set an “underperform” rating for the company in a report on Tuesday, June 21st. Berenberg Bank upgraded Talktalk Telecom Group PLC to a “hold” rating and increased their target price for the stock from GBX 208 ($2.72) to GBX 224 ($2.92) in a report on Friday, July 22nd. Finally, Societe Generale cut Talktalk Telecom Group PLC to a “sell” rating and lowered their target price for the stock from GBX 190 ($2.48) to GBX 185 ($2.41) in a report on Thursday, July 21st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 249.06 ($3.25).
Talktalk Telecom Group PLC (LON:TALK) opened at 213.40 on Monday. Talktalk Telecom Group PLC has a 1-year low of GBX 184.00 and a 1-year high of GBX 319.50. The company’s market capitalization is GBX 2.02 billion. The stock has a 50 day moving average price of GBX 206.56 and a 200-day moving average price of GBX 227.58.
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In other Talktalk Telecom Group PLC news, insider Torrens,Iain bought 132 shares of the stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of GBX 225 ($2.94) per share, with a total value of £297 ($387.68).
Talktalk Telecom Group PLC Company Profile
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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