Talktalk Telecom Group (LON:TALK) Price Target Raised to GBX 200

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Talktalk Telecom Group (LON:TALK) had its target price raised by stock analysts at Deutsche Bank from GBX 190 ($2.50) to GBX 200 ($2.63) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 130.41% from the company’s previous close.

Several other analysts have also recently issued reports on TALK. UBS Group cut shares of Talktalk Telecom Group to a “sell” rating and dropped their price objective for the company from GBX 107 ($1.41) to GBX 101 ($1.33) in a research note on Wednesday, February 12th. HSBC raised shares of Talktalk Telecom Group to a “hold” rating and upped their price objective for the company from GBX 95 ($1.25) to GBX 115 ($1.51) in a research note on Monday, February 3rd. Berenberg Bank started coverage on shares of Talktalk Telecom Group in a research note on Wednesday, January 15th. They set a “sell” rating and a GBX 80 ($1.05) price objective for the company. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 150 ($1.97) price objective on shares of Talktalk Telecom Group in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 119.57 ($1.57).

Shares of LON TALK opened at GBX 86.80 ($1.14) on Friday. Talktalk Telecom Group has a 12-month low of GBX 67.20 ($0.88) and a 12-month high of GBX 128.50 ($1.69). The stock has a market cap of $996.45 million and a PE ratio of 28.00. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 400.38. The company has a 50-day moving average of GBX 103.40 and a 200 day moving average of GBX 108.52.

In other news, insider Charles W. Dunstone bought 455,149 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were bought at an average cost of GBX 100 ($1.32) per share, for a total transaction of £455,149 ($598,722.70). Also, insider Tristia Harrison bought 171,970 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was purchased at an average price of GBX 116 ($1.53) per share, for a total transaction of £199,485.20 ($262,411.47).

Talktalk Telecom Group Company Profile

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

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Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

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