TUI AG (TUI) Downgraded by Morgan Stanley to Equal weight
Morgan Stanley downgraded shares of TUI AG (LON:TUI) to an equal weight rating in a research note published on Thursday. The brokerage currently has GBX 1,100 ($13.74) target price on the stock, down from their prior target price of GBX 1,200 ($14.99).
A number of other brokerages have also recently weighed in on TUI. Barclays PLC cut their price objective on shares of TUI AG from GBX 1,330 ($16.62) to GBX 1,260 ($15.74) and set an overweight rating on the stock in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 1,130 ($14.12) price objective (up from GBX 1,080 ($13.49)) on shares of TUI AG in a research note on Tuesday, August 16th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,110 ($13.87) price objective (up from GBX 1,100 ($13.74)) on shares of TUI AG in a research note on Friday, August 12th. Shore Capital restated a buy rating on shares of TUI AG in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG restated an outperform rating and set a GBX 1,245 ($15.55) price objective (down from GBX 1,300 ($16.24)) on shares of TUI AG in a research note on Thursday, August 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. TUI AG currently has a consensus rating of Buy and an average target price of GBX 1,217.86 ($15.22).
Shares of TUI AG (LON:TUI) traded up 2.30% during midday trading on Thursday, reaching GBX 1024.00. 700,560 shares of the company were exchanged. TUI AG has a 52-week low of GBX 813.00 and a 52-week high of GBX 1,284.00. The firm’s 50 day moving average is GBX 1,058.81 and its 200-day moving average is GBX 1,018.53. The company’s market capitalization is GBX 5.93 billion.
About TUI AG
TUI AG is a Germany-based company that, through its subsidiaries, is engaged in providing fully-integrated tourism services. The Company’s core activities involve the sale of flight and cruise tickets, tours and hotel accommodation as individual components or packaged tours, to wholesale customers, such as travel agencies, tour operators, as well as individual customers, through Internet portals and its operator brands, such as TUI and Thomson.
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