Thomas Cook Group plc (TCG) Given Average Rating of “Hold” by Brokerages

Thomas Cook Group plc (LON:TCG) has received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 119.88 ($1.60).

Several brokerages have recently issued reports on TCG. Shore Capital reiterated a “buy” rating on shares of Thomas Cook Group in a research note on Tuesday, September 26th. Credit Suisse Group raised their price objective on Thomas Cook Group from GBX 109 ($1.46) to GBX 112 ($1.50) and gave the stock a “neutral” rating in a report on Saturday, December 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 105 ($1.40) price objective on shares of Thomas Cook Group in a report on Wednesday, September 27th. Barclays reissued an “equal weight” rating and set a GBX 122 ($1.63) price target on shares of Thomas Cook Group in a report on Tuesday, November 7th. Finally, Morgan Stanley raised their price target on Thomas Cook Group from GBX 125 ($1.67) to GBX 130 ($1.74) and gave the stock an “equal weight” rating in a report on Thursday, November 23rd.

In other Thomas Cook Group news, insider Paul Edgecliffe-Johnson bought 17,852 shares of Thomas Cook Group stock in a transaction that occurred on Thursday, November 23rd. The shares were acquired at an average price of GBX 111 ($1.48) per share, for a total transaction of £19,815.72 ($26,495.15).

Thomas Cook Group (LON:TCG) traded down GBX 1.50 ($0.02) during trading hours on Friday, reaching GBX 124.90 ($1.67). The company’s stock had a trading volume of 1,837,001 shares, compared to its average volume of 3,710,000. Thomas Cook Group has a one year low of GBX 82.59 ($1.10) and a one year high of GBX 127.60 ($1.71). The firm has a market capitalization of $1,930.00 and a PE ratio of 12,490.00.

Thomas Cook Group (LON:TCG) last released its quarterly earnings results on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.12) 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 for the quarter.

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

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About Thomas Cook Group

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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