Thomas Cook Group plc (LON:TCG)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday. They currently have a GBX 57 ($0.74) price objective on the travel company’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 18.69% from the stock’s previous close.
TCG has been the topic of several other research reports. Berenberg Bank decreased their price objective on Thomas Cook Group plc from GBX 105 ($1.37) to GBX 60 ($0.78) and set a “hold” rating on the stock in a report on Monday, August 1st. Numis Securities Ltd decreased their price objective on Thomas Cook Group plc from GBX 95 ($1.24) to GBX 60 ($0.78) and set a “hold” rating on the stock in a report on Thursday, July 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 101 ($1.32) price objective (up previously from GBX 90 ($1.17)) on shares of Thomas Cook Group plc in a report on Wednesday, June 29th. Barclays PLC decreased their price objective on Thomas Cook Group plc from GBX 90 ($1.17) to GBX 75 ($0.98) and set an “equal weight” rating on the stock in a report on Tuesday, July 26th. Finally, Shore Capital reiterated a “buy” rating on shares of Thomas Cook Group plc in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 97.21 ($1.27).
Thomas Cook Group plc (LON:TCG) opened at 67.95 on Wednesday. The company’s market cap is GBX 1.04 billion. The firm has a 50-day moving average price of GBX 69.63 and a 200 day moving average price of GBX 75.24. Thomas Cook Group plc has a one year low of GBX 52.60 and a one year high of GBX 127.20.
In other Thomas Cook Group plc news, insider Knox,Lesley acquired 46,100 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average cost of GBX 65 ($0.85) per share, with a total value of £29,965 ($39,113.69).
About Thomas Cook Group plc
Thomas Cook Group plc is a United Kingdom-based leisure travel company. The Company operates in 14 source markets across Europe through its various brands, including Thomas Cook, Neckermann, Condor, JetTours, Ving, Spies and Tjareborg. The Company operates its business through four business segments: United Kingdom and Ireland, Airlines Germany, Continental Europe and Northern Europe.
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