Thomas Cook Group (TCG) PT Raised to GBX 120

Thomas Cook Group (LON:TCG) had its target price hoisted by JPMorgan Chase & Co. from GBX 105 ($1.42) to GBX 120 ($1.63) in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the travel company’s stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 7.55% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Morgan Stanley upgraded shares of Thomas Cook Group to an “overweight” rating and upped their price target for the company from GBX 130 ($1.76) to GBX 140 ($1.90) in a research note on Monday. Credit Suisse Group upped their price target on shares of Thomas Cook Group from GBX 109 ($1.48) to GBX 112 ($1.52) and gave the company a “neutral” rating in a research note on Saturday, December 30th. Berenberg Bank lowered shares of Thomas Cook Group to a “sell” rating and upped their price target for the company from GBX 80 ($1.08) to GBX 100 ($1.36) in a research note on Thursday, November 30th. HSBC started coverage on shares of Thomas Cook Group in a research note on Monday, November 20th. They set a “buy” rating and a GBX 140 ($1.90) price target on the stock. Finally, Barclays reiterated an “equal weight” rating and issued a GBX 122 ($1.65) price objective on shares of Thomas Cook Group in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 117.67 ($1.60).

Thomas Cook Group (LON TCG) opened at GBX 129.80 ($1.76) on Friday. Thomas Cook Group has a 52 week low of GBX 82.59 ($1.12) and a 52 week high of GBX 132.20 ($1.79). The stock has a market cap of $1,980.00 and a P/E ratio of 12,980.00.

Thomas Cook Group (LON:TCG) last issued its quarterly earnings results on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). Thomas Cook Group had a negative net margin of 9.08% and a negative return on equity of 211.75%. The company had revenue of GBX 900.70 billion for the quarter.

In other news, insider Paul Edgecliffe-Johnson purchased 17,852 shares of the stock in a transaction that occurred on Thursday, November 23rd. The shares were purchased at an average cost of GBX 111 ($1.51) per share, with a total value of £19,815.72 ($26,872.42). Also, insider Peter Fankhauser sold 91,348 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of GBX 127 ($1.72), for a total transaction of £116,011.96 ($157,325.68).

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Thomas Cook Group Company Profile

Thomas Cook Group plc is a holiday company. The Company’s segments are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Its hotels and resort brands include Sentido, Sunprime, Sunwing, Sunconnect, Smartline and Casa Cook. It has airline operations in Belgium, Scandinavia and the United Kingdom.

Analyst Recommendations for Thomas Cook Group (LON:TCG)

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