Thomas Cook Group (TCG) Rating Reiterated by Berenberg Bank

Thomas Cook Group (LON:TCG)‘s stock had its “sell” rating reaffirmed by Berenberg Bank in a note issued to investors on Friday. They presently have a GBX 12 ($0.16) price target on the travel company’s stock. Berenberg Bank’s target price points to a potential downside of 56.49% from the company’s current price.

A number of other brokerages have also issued reports on TCG. Credit Suisse Group dropped their target price on 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. UBS Group reaffirmed a “neutral” rating and set a GBX 60 ($0.78) price target on shares of Thomas Cook Group in a research report on Friday, November 23rd. Barclays lowered 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 report on Wednesday, November 28th. Morgan Stanley lowered Thomas Cook Group to an “equal weight” rating and lowered their price target for the stock from GBX 155 ($2.03) to GBX 60 ($0.78) in a research report on Wednesday, January 30th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Thomas Cook Group in a research report on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 69.67 ($0.91).

Shares of LON:TCG traded down GBX 1.42 ($0.02) during trading on Friday, hitting GBX 27.58 ($0.36). 19,919,885 shares of the company’s stock traded hands, compared to its average volume of 4,480,000. Thomas Cook Group has a 52 week low of GBX 83.25 ($1.09) and a 52 week high of GBX 132.20 ($1.73).

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

In other Thomas Cook Group news, insider Frank Meysman bought 373,000 shares of the firm’s stock in a transaction that occurred 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).

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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