KCOM Group (KCOM) Price Target Cut to GBX 100

KCOM Group (LON:KCOM) had its price target cut by stock analysts at Barclays from GBX 105 ($1.40) to GBX 100 ($1.34) in a research note issued on Wednesday, November 29th. The brokerage currently has an “equal weight” rating on the stock. Barclays’ price objective would suggest a potential upside of 10.19% from the stock’s current price.

Several other equities research analysts also recently commented on KCOM. FinnCap cut their target price on shares of KCOM Group from GBX 130 ($1.74) to GBX 120 ($1.60) and set a “corporate” rating on the stock in a research report on Tuesday, November 28th. Peel Hunt reiterated a “buy” rating and set a GBX 150 ($2.01) target price on shares of KCOM Group in a research report on Monday, September 4th.

KCOM Group (KCOM) traded down GBX 0.25 ($0.00) on Wednesday, hitting GBX 90.75 ($1.21). 117,513 shares of the stock were exchanged, compared to its average volume of 893,779. KCOM Group has a one year low of GBX 87 ($1.16) and a one year high of GBX 111.25 ($1.49). The firm has a market cap of $468.47 and a P/E ratio of 1,815.00.

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KCOM Group Company Profile

KCOM Group PLC is engaged in providing information technology (IT) and communications services. The Company’s segments include Enterprise, Hull and East Yorkshire and National Network Services. The Enterprise segment is engaged in providing IT and integration services, including cloud-based infrastructure and contact and collaboration solutions, to the United Kingdom-based public and private sector organizations.

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