Thomas Cook Group plc (TCG) Upgraded to “Overweight” at Barclays PLC
Barclays PLC upgraded shares of Thomas Cook Group plc (LON:TCG) to an overweight rating in a report released on Thursday morning. Barclays PLC currently has GBX 90 ($1.12) target price on the travel company’s stock, up from their previous target price of GBX 75 ($0.94).
Other research analysts have also issued reports about the company. Shore Capital reaffirmed a buy rating on shares of Thomas Cook Group plc in a research report on Thursday, July 28th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 65 ($0.81) target price on shares of Thomas Cook Group plc in a research report on Wednesday. Berenberg Bank reduced their target price on Thomas Cook Group plc from GBX 105 ($1.31) to GBX 60 ($0.75) and set a hold rating on the stock in a research report on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Thomas Cook Group plc in a research report on Monday, September 26th. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating and set a GBX 57 ($0.71) target price on shares of Thomas Cook Group plc in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 98.29 ($1.23).
Thomas Cook Group plc (LON:TCG) opened at 80.35 on Thursday. The stock has a 50 day moving average price of GBX 70.26 and a 200 day moving average price of GBX 69.22. The company’s market cap is GBX 1.23 billion. Thomas Cook Group plc has a 1-year low of GBX 52.60 and a 1-year high of GBX 124.80.
The company also recently declared a dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Thursday, March 9th will be given a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date is Thursday, March 9th. This represents a dividend yield of 0.63%.
About Thomas Cook Group plc
Thomas Cook Group plc is a United Kingdom-based leisure travel group. The Company operates through four divisions: UK, Continental Europe, Northern Europe and Airlines Germany. The Company offer its services in supplying of hotel beds and airline seats, production and marketing of travel packages, components and ancillaries, omni-channel distribution, customer value and shareholder value.
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