Talktalk Telecom Group PLC (TALK) PT Lowered to GBX 170
Talktalk Telecom Group PLC (LON:TALK) had its target price reduced by equities research analysts at BNP Paribas from GBX 315 ($3.84) to GBX 170 ($2.07) in a research report issued to clients and investors on Wednesday. The brokerage currently has an “underperform” rating on the stock. BNP Paribas’ price target would suggest a potential downside of 19.43% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 260 ($3.17) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 300 ($3.66) price objective on shares of Talktalk Telecom Group PLC in a report on Tuesday, September 6th. Barclays PLC reiterated an “overweight” rating on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 17th. Macquarie reduced their price objective on shares of Talktalk Telecom Group PLC from GBX 300 ($3.66) to GBX 290 ($3.53) and set an “outperform” rating for the company in a report on Monday, October 10th. Finally, Haitong Bank reiterated a “sell” rating and set a GBX 150 ($1.83) price objective on shares of Talktalk Telecom Group PLC in a report on Thursday, September 15th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 240.53 ($2.93).
Talktalk Telecom Group PLC (LON:TALK) opened at 209.30 on Wednesday. The firm has a 50-day moving average of GBX 205.96 and a 200 day moving average of GBX 226.24. Talktalk Telecom Group PLC has a 12-month low of GBX 184.00 and a 12-month high of GBX 295.20. The company’s market capitalization is GBX 1.98 billion.
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In other news, insider Torrens,Iain bought 132 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average price of GBX 225 ($2.74) per share, with a total value of £297 ($361.97).
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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