UBS Group Reiterates “Neutral” Rating for Thomas Cook Group (TCG)

UBS Group reiterated their neutral rating on shares of Thomas Cook Group (LON:TCG) in a report issued on Monday, investing.thisismoney.co.uk reports. They currently have a GBX 32 ($0.42) price target on the travel company’s stock, down from their previous price target of GBX 34 ($0.44).

Several other equities analysts have also recently issued reports on TCG. Credit Suisse Group reduced their price target on shares of Thomas Cook Group from GBX 140 ($1.83) to GBX 108 ($1.41) and set an outperform rating on the stock in a research report on Thursday, November 15th. Shore Capital reiterated a hold rating on shares of Thomas Cook Group in a research report on Tuesday, November 27th. Barclays reduced their price target on shares of 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 report on Wednesday, November 28th. Morgan Stanley cut shares of Thomas Cook Group to an equal weight rating and reduced their price target for the company from GBX 155 ($2.03) to GBX 60 ($0.78) in a research report on Wednesday, January 30th. Finally, HSBC reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Thomas Cook Group has an average rating of Hold and a consensus price target of GBX 69.67 ($0.91).

Shares of LON TCG opened at GBX 28.24 ($0.37) on Monday. Thomas Cook Group has a 1 year low of GBX 83.25 ($1.09) and a 1 year high of GBX 132.20 ($1.73).

Thomas Cook Group (LON:TCG) last announced 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 consensus estimate of GBX 7.10 ($0.09) by GBX (7.40) (($0.10)).

In other Thomas Cook Group 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 price of GBX 22 ($0.29) per share, for a total transaction of £82,060 ($107,225.92).

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.

Further Reading: How is net asset value different from market price?

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