Berenberg Bank Reaffirms Sell Rating for Thomas Cook Group (TCG)

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Thomas Cook Group (LON:TCG)‘s stock had its “sell” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Friday. They presently have a GBX 12 ($0.16) price objective on the travel company’s stock. Berenberg Bank’s target price indicates a potential downside of 56.49% from the stock’s current price.

Several other analysts have also commented on the company. UBS Group reaffirmed a “neutral” rating and set a GBX 34 ($0.44) target price on shares of Thomas Cook Group in a report on Tuesday, January 8th. Shore Capital reaffirmed a “hold” rating on shares of Thomas Cook Group in a report on Thursday. Barclays dropped their target price on Thomas Cook Group from GBX 120 ($1.57) to GBX 46 ($0.60) and set an “equal weight” rating on the stock in a report on Wednesday, November 28th. Credit Suisse Group lowered their price target on Thomas Cook Group from GBX 140 ($1.83) to GBX 108 ($1.41) and set an “outperform” rating on the stock in a research report on Thursday, November 15th. Finally, HSBC lowered their price target on Thomas Cook Group from GBX 70 ($0.91) to GBX 34 ($0.44) and set a “buy” rating on the stock in a research report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 69.67 ($0.91).

LON:TCG traded down GBX 1.42 ($0.02) during mid-day trading on Friday, hitting GBX 27.58 ($0.36). 19,919,885 shares of the company’s stock traded hands, compared to its average volume of 4,480,000. Thomas Cook Group has a twelve month low of GBX 83.25 ($1.09) and a twelve month high of GBX 132.20 ($1.73).

Thomas Cook Group (LON:TCG) last announced its quarterly earnings data on Thursday, November 29th. The travel company reported GBX (0.30) ($0.00) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 7.10 ($0.09) by GBX (7.40) (($0.10)).

In other Thomas Cook Group news, insider Frank Meysman purchased 373,000 shares of the stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of GBX 22 ($0.29) per share, for a total transaction of £82,060 ($107,225.92).

Thomas Cook Group Company Profile

Thomas Cook Group plc provides travel services in the United Kingdom, Continental Europe, and Northern Europe. The company operates through Group Tour Operator and Group Airline segments. It owns, manages, or franchises 270 hotels primarily under the Casa Cook, Cook's Club, and Sunwing brands. As of December 12, 2018, the company operated an airline fleet of 101 aircrafts to 120 destinations.

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Analyst Recommendations for Thomas Cook Group (LON:TCG)

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