Thomas Cook Group (TCG) Price Target Cut to GBX 66 by Analysts at Citigroup

Thomas Cook Group (LON:TCG) had its price objective cut by Citigroup from GBX 115 ($1.50) to GBX 66 ($0.86) in a research report released on Wednesday morning. The brokerage currently has a neutral rating on the travel company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Numis Securities reaffirmed a buy rating and set a GBX 154 ($2.01) price objective on shares of Thomas Cook Group in a research report on Wednesday, August 1st. UBS Group reaffirmed a sell rating and set a GBX 85 ($1.11) price objective on shares of Thomas Cook Group in a research report on Wednesday, August 1st. Credit Suisse Group lowered their price objective on shares of Thomas Cook Group from GBX 158 ($2.06) to GBX 140 ($1.82) and set an outperform rating for the company in a research report on Tuesday, September 11th. Finally, Shore Capital downgraded shares of Thomas Cook Group to a hold rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 117 ($1.52).

Shares of LON:TCG opened at GBX 60.44 ($0.79) on Wednesday. Thomas Cook Group has a fifty-two week low of GBX 83.25 ($1.08) and a fifty-two week high of GBX 132.20 ($1.72).

In other news, insider Frank Meysman bought 100,000 shares of Thomas Cook Group stock in a transaction on Tuesday, September 25th. The stock was purchased at an average cost of GBX 60 ($0.78) per share, with a total value of £60,000 ($78,155.53).

About Thomas Cook Group

Thomas Cook Group plc provides leisure travel services in the United Kingdom, Continental Europe, Northern Europe, and Germany. The company operates through Group Tour Operator and Group Airline segments. It owns, manages, or franchises 190 own-brand hotels in 16 countries under the Casa Cook, Sunwing, Sunprime, Sunconnect, Sentido, Smartline, and Aldiana brands, as well as partner hotels.

Read More: NASDAQ

Analyst Recommendations for Thomas Cook Group (LON:TCG)

Receive News & Ratings for Thomas Cook Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomas Cook Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply