Talktalk Telecom Group PLC (TALK) Price Target Cut to GBX 210
Talktalk Telecom Group PLC (LON:TALK) had its target price dropped by investment analysts at Credit Suisse Group from GBX 260 ($3.39) to GBX 210 ($2.73) in a research report issued to clients and investors on Wednesday, July 12th. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 8.98% from the stock’s current price.
Several other brokerages have also commented on TALK. Macquarie lowered Talktalk Telecom Group PLC to a “neutral” rating and cut their target price for the company from GBX 240 ($3.13) to GBX 150 ($1.95) in a research report on Thursday, May 11th. BNP Paribas restated an “underperform” rating and set a GBX 150 ($1.95) target price on shares of Talktalk Telecom Group PLC in a research report on Tuesday, March 14th. HSBC Holdings plc upgraded Talktalk Telecom Group PLC to a “buy” rating and upped their target price for the company from GBX 175 ($2.28) to GBX 250 ($3.26) in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 150 ($1.95) target price on shares of Talktalk Telecom Group PLC in a research report on Monday, June 19th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 185 ($2.41) target price on shares of Talktalk Telecom Group PLC in a research report on Thursday, June 8th. Nine investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 172.94 ($2.25).
Shares of Talktalk Telecom Group PLC (TALK) opened at 192.70 on Wednesday. Talktalk Telecom Group PLC has a 12-month low of GBX 144.96 and a 12-month high of GBX 248.70. The company has a 50-day moving average of GBX 182.89 and a 200 day moving average of GBX 178.07. The firm’s market cap is GBX 1.83 billion.
In related news, insider Tristia Harrison sold 25,650 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of GBX 168 ($2.19), for a total transaction of £43,092 ($56,116.68).
Talktalk Telecom Group PLC 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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