Thomas Cook Group (TCG) Upgraded at Numis Securities

Thomas Cook Group (LON:TCG) was upgraded by investment analysts at Numis Securities to a “buy” rating in a research report issued on Tuesday. The firm currently has a GBX 149 ($2.09) price objective on the travel company’s stock. Numis Securities’ target price indicates a potential upside of 22.63% from the company’s previous close.

Several other equities analysts also recently commented on TCG. Barclays reaffirmed an “equal weight” rating and issued a GBX 122 ($1.71) price objective on shares of Thomas Cook Group in a research report on Tuesday, November 7th. HSBC started coverage on Thomas Cook Group in a research report on Monday, November 20th. They issued a “buy” rating and a GBX 140 ($1.96) price objective on the stock. Morgan Stanley upped their price objective on Thomas Cook Group from GBX 125 ($1.75) to GBX 130 ($1.82) and gave the company an “equal weight” rating in a research report on Thursday, November 23rd. Berenberg Bank downgraded Thomas Cook Group to a “sell” rating and upped their price objective for the company from GBX 80 ($1.12) to GBX 100 ($1.40) in a research report on Thursday, November 30th. Finally, Credit Suisse Group upped their price objective on Thomas Cook Group from GBX 109 ($1.53) to GBX 112 ($1.57) and gave the company a “neutral” rating in a research report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 120.80 ($1.69).

Thomas Cook Group (TCG) opened at GBX 121.50 ($1.70) on Tuesday. The company has a market capitalization of $1,870.00 and a price-to-earnings ratio of 12,150.00. Thomas Cook Group has a 12-month low of GBX 82.59 ($1.16) and a 12-month high of GBX 132.20 ($1.85).

Thomas Cook Group (LON:TCG) last announced its quarterly earnings data on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 9.70 ($0.14) by GBX (0.40) (($0.01)). The business had revenue of GBX 900.70 billion during the quarter. Thomas Cook Group had a net margin of 4.72% and a return on equity of 267.21%.

In other news, insider Paul Edgecliffe-Johnson purchased 17,852 shares of the company’s stock in a transaction dated Thursday, November 23rd. The shares were acquired at an average price of GBX 111 ($1.56) per share, with a total value of £19,815.72 ($27,784.24). Also, insider Peter Fankhauser sold 91,348 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of GBX 127 ($1.78), for a total value of £116,011.96 ($162,663.99).

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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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