Thomas Cook Group (LON:TCG) Rating Reiterated by HSBC

Thomas Cook Group (LON:TCG)‘s stock had its “buy” rating reissued by HSBC in a report released on Friday, February 16th. They presently have a GBX 140 ($1.93) target price on the travel company’s stock. HSBC’s price objective would indicate a potential upside of 12.54% from the stock’s previous close.

Several other brokerages have also commented on TCG. JPMorgan Chase & Co. increased their price objective on Thomas Cook Group from GBX 105 ($1.45) to GBX 120 ($1.66) and gave the company a “neutral” rating in a report on Friday, January 12th. Morgan Stanley upgraded Thomas Cook Group to an “overweight” rating and raised their target price for the stock from GBX 130 ($1.80) to GBX 140 ($1.93) in a research note on Monday, January 8th. Barclays restated an “equal weight” rating and issued a GBX 122 ($1.69) target price on shares of Thomas Cook Group in a research note on Tuesday, November 7th. Numis Securities raised Thomas Cook Group to a “buy” rating and set a GBX 149 ($2.06) price target on the stock in a research report on Tuesday, February 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Thomas Cook Group in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Thomas Cook Group has a consensus rating of “Hold” and an average target price of GBX 119 ($1.64).

Thomas Cook Group (TCG) opened at GBX 124.40 ($1.72) on Friday. Thomas Cook Group has a 52 week low of GBX 83.25 ($1.15) and a 52 week high of GBX 132.20 ($1.83). The company has a market capitalization of $1,910.00 and a P/E ratio of 12,440.00.

Thomas Cook Group (LON:TCG) last announced its quarterly earnings data 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)). The firm had revenue of GBX 900.70 billion during the quarter. Thomas Cook Group had a return on equity of 267.21% and a net margin of 4.72%.

In other Thomas Cook Group news, insider Peter Fankhauser sold 91,348 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of GBX 127 ($1.75), for a total value of £116,011.96 ($160,281.79).

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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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