Shore Capital Reiterates Hold Rating for Thomas Cook Group (TCG)
Thomas Cook Group (LON:TCG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Thursday.
TCG has been the subject of a number of other research reports. Morgan Stanley cut Thomas Cook Group to an “equal weight” rating and reduced their price target for the stock from GBX 155 ($2.03) to GBX 60 ($0.78) in a research report on Wednesday, January 30th. UBS Group reiterated a “neutral” rating and set a GBX 60 ($0.78) target price on shares of Thomas Cook Group in a research report on Friday, November 23rd. HSBC cut their target price on Thomas Cook Group from GBX 70 ($0.91) to GBX 34 ($0.44) and set a “buy” rating for the company in a research report on Wednesday. Credit Suisse Group cut their target price on Thomas Cook Group from GBX 140 ($1.83) to GBX 108 ($1.41) and set an “outperform” rating for the company in a research report on Thursday, November 15th. Finally, Barclays cut their target price on Thomas Cook Group from GBX 120 ($1.57) to GBX 46 ($0.60) and set an “equal weight” rating for the company in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 75.78 ($0.99).
Shares of TCG opened at GBX 29 ($0.38) on Thursday. Thomas Cook Group has a 52 week low of GBX 83.25 ($1.09) and a 52 week high of GBX 132.20 ($1.73).
In other Thomas Cook Group news, insider Frank Meysman bought 373,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of GBX 22 ($0.29) per share, for a total transaction of £82,060 ($107,225.92).
About Thomas Cook Group
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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