Thomas Cook Group (LON:TCG) had its price objective dropped by research analysts at Barclays from GBX 46 ($0.60) to GBX 17 ($0.22) in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “equal weight” rating on the travel company’s stock. Barclays‘s price target suggests a potential upside of 5.79% from the company’s previous close.
A number of other analysts have also commented on TCG. Oddo Securities lowered shares of Thomas Cook Group to a “reduce” rating and reduced their price objective for the company from GBX 35 ($0.46) to GBX 18 ($0.24) in a research note on Friday, May 17th. Numis Securities reaffirmed an “under review” rating on shares of Thomas Cook Group in a research note on Thursday, May 16th. Berenberg Bank raised shares of Thomas Cook Group to a “hold” rating and set a GBX 12 ($0.16) price objective for the company in a research note on Tuesday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Thomas Cook Group in a research note on Tuesday, April 9th. Finally, Citigroup downgraded Thomas Cook Group to a “sell” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 40.70 ($0.53).
TCG stock opened at GBX 16.07 ($0.21) on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 490.72. Thomas Cook Group has a one year low of GBX 8.40 ($0.11) and a one year high of GBX 117.10 ($1.53). The stock has a market cap of $246.45 million and a price-to-earnings ratio of -0.18.
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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