Berenberg Bank Downgrades Thomas Cook Group (LON:TCG) to Sell

Berenberg Bank cut shares of Thomas Cook Group (LON:TCG) to a sell rating in a research report sent to investors on Thursday, November 30th, reports. The firm currently has GBX 100 ($1.35) price target on the travel company’s stock, up from their prior price target of GBX 80 ($1.08).

TCG has been the subject of several other reports. Morgan Stanley upped their price objective on Thomas Cook Group from GBX 125 ($1.68) to GBX 130 ($1.75) and gave the stock an equal weight rating in a research report on Thursday, November 23rd. Barclays reaffirmed an equal weight rating and set a GBX 122 ($1.64) price objective on shares of Thomas Cook Group in a research report on Tuesday, November 7th. Shore Capital reaffirmed a buy rating on shares of Thomas Cook Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 105 ($1.41) price objective on shares of Thomas Cook Group in a research report on Wednesday, September 27th. Finally, HSBC assumed coverage on Thomas Cook Group in a research report on Monday, November 20th. They set a buy rating and a GBX 140 ($1.88) price objective for the company. Two equities 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 stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 114.89 ($1.55).

Thomas Cook Group (TCG) opened at GBX 116.10 ($1.56) on Thursday. Thomas Cook Group has a one year low of GBX 82.59 ($1.11) and a one year high of GBX 127.60 ($1.72).

Thomas Cook Group (LON:TCG) last announced its quarterly earnings results on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). Thomas Cook Group had a negative return on equity of 211.75% and a negative net margin of 9.08%. The business had revenue of GBX 900.70 billion during the quarter.

The company also recently disclosed a dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 8th will be given a dividend of GBX 0.60 ($0.01) per share. This is a boost from Thomas Cook Group’s previous dividend of $0.50. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 8th.

In related news, insider Paul Edgecliffe-Johnson purchased 17,852 shares of Thomas Cook Group stock in a transaction that occurred on Thursday, November 23rd. The stock was purchased at an average cost of GBX 111 ($1.49) per share, with a total value of £19,815.72 ($26,669.88).

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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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