Peel Hunt Reiterates “Buy” Rating for Trinity Mirror plc (TNI)
Trinity Mirror plc (LON:TNI)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued on Friday. They currently have a GBX 190 ($2.45) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 120.29% from the company’s previous close.
Several other analysts also recently commented on TNI. Barclays PLC reiterated an “equal weight” rating on shares of Trinity Mirror plc in a research report on Tuesday, August 1st. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 210 ($2.71) price target on shares of Trinity Mirror plc in a research report on Friday, June 30th.
Trinity Mirror plc (TNI) traded down 4.96% during mid-day trading on Friday, hitting GBX 86.25. 165,616 shares of the stock were exchanged. The firm’s market cap is GBX 236.93 million. The company has a 50 day moving average price of GBX 98.89 and a 200 day moving average price of GBX 104.79. Trinity Mirror plc has a 52-week low of GBX 74.61 and a 52-week high of GBX 124.00.
Trinity Mirror plc (LON:TNI) last released its quarterly earnings results on Monday, July 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Trinity Mirror plc had a net margin of 9.09% and a return on equity of 9.67%. On average, analysts anticipate that Trinity Mirror plc will post $34.14 EPS for the current year.
About Trinity Mirror plc
Trinity Mirror plc is a national and regional news publisher. The Company is engaged in producing and distributing content through newspapers and associated digital platforms. It operates through four segments: Publishing, which includes all of its newspapers and associated digital publishing; Printing, which provides printing services to the publishing segment and to third parties; Specialist Digital, which includes its digital recruitment classified business and its digital marketing services businesses, and Central, which includes revenue and costs not allocated to the operational divisions.
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