Brokerages Set Thomas Cook Group plc (TCG) Price Target at $67.50

Shares of Thomas Cook Group plc (LON:TCG) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 60.63 ($0.79).

A number of equities research analysts recently weighed in on TCG shares. Berenberg Bank restated a “sell” rating and set a GBX 12 ($0.16) price objective on shares of Thomas Cook Group in a research report on Friday. HSBC reduced their price target on Thomas Cook Group from GBX 70 ($0.91) to GBX 34 ($0.44) and set a “buy” rating on the stock in a research report on Wednesday, February 6th. Shore Capital restated a “hold” rating on shares of Thomas Cook Group in a research report on Thursday, February 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 32 ($0.42) price target (down from GBX 34 ($0.44)) on shares of Thomas Cook Group in a research note on Monday. Finally, Barclays dropped their price target on Thomas Cook Group from GBX 120 ($1.57) to GBX 46 ($0.60) and set an “equal weight” rating on the stock in a research note on Wednesday, November 28th.

In other news, insider Frank Meysman acquired 373,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average cost of GBX 22 ($0.29) per share, with a total value of £82,060 ($107,225.92).

Shares of LON TCG traded down GBX 1.36 ($0.02) during midday trading on Friday, hitting GBX 26.22 ($0.34). 17,223,725 shares of the company’s stock were exchanged, compared to its average volume of 4,480,000. Thomas Cook Group has a 12 month low of GBX 83.25 ($1.09) and a 12 month high of GBX 132.20 ($1.73).

Thomas Cook Group (LON:TCG) last released its quarterly earnings results on Thursday, November 29th. The travel company reported GBX (0.30) ($0.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7.10 ($0.09) by GBX (7.40) (($0.10)).

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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Analyst Recommendations for Thomas Cook Group (LON:TCG)

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