Talktalk Telecom Group PLC (TALK) Price Target Lowered to GBX 210 at Credit Suisse Group
Talktalk Telecom Group PLC (LON:TALK) had its price objective reduced by research analysts at Credit Suisse Group from GBX 260 ($3.37) to GBX 210 ($2.72) in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 15.51% from the company’s previous close.
Several other brokerages have also commented on TALK. Macquarie lowered Talktalk Telecom Group PLC to a “neutral” rating and cut their price objective for the stock from GBX 240 ($3.11) to GBX 150 ($1.94) in a report on Thursday, May 11th. BNP Paribas reissued an “underperform” rating and set a GBX 150 ($1.94) price objective on shares of Talktalk Telecom Group PLC in a report on Tuesday, March 14th. HSBC Holdings plc raised Talktalk Telecom Group PLC to a “buy” rating and boosted their price objective for the stock from GBX 175 ($2.27) to GBX 250 ($3.24) in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 150 ($1.94) price objective on shares of Talktalk Telecom Group PLC in a report on Monday, June 19th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 185 ($2.40) price objective on shares of Talktalk Telecom Group PLC in a report on Thursday, June 8th. Seven analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 171.67 ($2.22).
Talktalk Telecom Group PLC (LON TALK) opened at 181.30 on Wednesday. The stock has a 50 day moving average of GBX 175.42 and a 200-day moving average of GBX 174.70. Talktalk Telecom Group PLC has a 12-month low of GBX 144.96 and a 12-month high of GBX 248.70. The company’s market cap is GBX 1.72 billion.
The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be given a GBX 5 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a yield of 2.96%.
In other Talktalk Telecom Group PLC news, insider Tristia Harrison sold 25,650 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of GBX 168 ($2.18), for a total value of £43,092 ($55,818.65).
Talktalk Telecom Group PLC Company Profile
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.
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