Thomas Cook Group plc (TCG) Receives Consensus Rating of “Hold” from Brokerages

Thomas Cook Group plc (LON:TCG) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 119.88 ($1.61).

A number of research analysts have recently commented on the stock. Shore Capital reissued a “buy” rating on shares of Thomas Cook Group in a research report on Thursday, September 14th. Barclays reissued an “equal weight” rating and issued a GBX 122 ($1.64) price objective on shares of Thomas Cook Group in a research report on Tuesday, November 7th. Credit Suisse Group lifted their price objective on shares of Thomas Cook Group from GBX 109 ($1.47) to GBX 112 ($1.51) and gave the company a “neutral” rating in a research report on Saturday. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 105 ($1.41) price objective on shares of Thomas Cook Group in a research report on Wednesday, September 27th. Finally, HSBC assumed coverage on shares of Thomas Cook Group in a research report on Monday, November 20th. They issued a “buy” rating and a GBX 140 ($1.88) price objective for the company.

In related news, insider Paul Edgecliffe-Johnson bought 17,852 shares of Thomas Cook Group stock in a transaction that occurred on Thursday, November 23rd. The stock was acquired at an average price of GBX 111 ($1.49) per share, with a total value of £19,815.72 ($26,669.88).

Shares of Thomas Cook Group (LON TCG) traded down GBX 0.04 ($0.00) during trading on Monday, reaching GBX 119 ($1.60). 1,957,974 shares of the company’s stock traded hands, compared to its average volume of 4,580,000. Thomas Cook Group has a 1 year low of GBX 82.59 ($1.11) and a 1 year high of GBX 127.60 ($1.72).

Thomas Cook Group (LON:TCG) last issued its quarterly earnings results on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). Thomas Cook Group had a negative net margin of 9.08% and a negative return on equity of 211.75%. The business had revenue of GBX 900.70 billion during the quarter.

The business also recently announced a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 8th will be issued a dividend of GBX 0.60 ($0.01) per share. This is an increase from Thomas Cook Group’s previous dividend of $0.50. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend yield of 0.51%.

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Thomas Cook Group Company Profile

Thomas Cook Group plc is a holiday company. The Company’s segments are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Its hotels and resort brands include Sentido, Sunprime, Sunwing, Sunconnect, Smartline and Casa Cook. It has airline operations in Belgium, Scandinavia and the United Kingdom.

Analyst Recommendations for Thomas Cook Group (LON:TCG)

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