Thomas Cook Group (LON:TCG) was downgraded by analysts at Citigroup to a “sell” rating in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently weighed in on TCG. Morgan Stanley downgraded shares of Thomas Cook Group to an “equal weight” rating and lowered their target price for the stock from GBX 155 ($2.03) to GBX 60 ($0.78) in a research note on Wednesday, January 30th. Berenberg Bank downgraded shares of Thomas Cook Group to a “sell” rating and decreased their price target for the company from GBX 65 ($0.85) to GBX 12 ($0.16) in a research note on Friday, March 1st. Shore Capital reaffirmed a “hold” rating on shares of Thomas Cook Group in a research note on Thursday, February 7th. HSBC decreased their price target on shares of Thomas Cook Group from GBX 70 ($0.91) to GBX 34 ($0.44) and set a “buy” rating for the company in a research note on Wednesday, February 6th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 32 ($0.42) price target on shares of Thomas Cook Group in a research note on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Thomas Cook Group presently has a consensus rating of “Hold” and an average target price of GBX 51.18 ($0.67).
Shares of LON TCG opened at GBX 14.36 ($0.19) on Friday. Thomas Cook Group has a twelve month low of GBX 19.69 ($0.26) and a twelve month high of GBX 150 ($1.96). The firm has a market cap of $300.67 million and a P/E ratio of -1.35. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 490.72.
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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