Thomas Cook Group (TCG) Price Target Raised to GBX 120

Thomas Cook Group (LON:TCG) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 105 ($1.42) to GBX 120 ($1.63) in a research note issued on Friday. The firm currently has a “neutral” rating on the travel company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 7.19% from the company’s current price.

Several other equities analysts also recently commented on TCG. Shore Capital reiterated a “buy” rating on shares of Thomas Cook Group in a report on Tuesday, September 26th. Credit Suisse Group increased their price target on Thomas Cook Group from GBX 109 ($1.48) to GBX 112 ($1.52) and gave the company a “neutral” rating in a report on Saturday, December 30th. Barclays reiterated an “equal weight” rating and set a GBX 122 ($1.65) price target on shares of Thomas Cook Group in a report on Tuesday, November 7th. Morgan Stanley increased their price target on Thomas Cook Group from GBX 125 ($1.70) to GBX 130 ($1.76) and gave the company an “equal weight” rating in a report on Thursday, November 23rd. Finally, HSBC began coverage on Thomas Cook Group in a report on Monday, November 20th. They set a “buy” rating and a GBX 140 ($1.90) price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 117.67 ($1.60).

Thomas Cook Group (TCG) traded up GBX 0.40 ($0.01) during trading hours on Friday, reaching GBX 129.30 ($1.75). The company had a trading volume of 6,550,454 shares, compared to its average volume of 3,760,000. Thomas Cook Group has a 12-month low of GBX 82.59 ($1.12) and a 12-month high of GBX 132.20 ($1.79). The firm has a market capitalization of $1,990.00 and a P/E ratio of 12,930.00.

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

In other news, insider Peter Fankhauser sold 91,348 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of GBX 127 ($1.72), for a total value of £116,011.96 ($157,325.68). Also, insider Paul Edgecliffe-Johnson acquired 17,852 shares of Thomas Cook Group stock in a transaction dated Thursday, November 23rd. The stock was acquired at an average cost of GBX 111 ($1.51) per share, with a total value of £19,815.72 ($26,872.42).

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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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