Thomas Cook Group (LON:TCG) Stock Crosses Below 50 Day Moving Average of $14.07

Thomas Cook Group plc (LON:TCG)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.07 and traded as low as $4.95. Thomas Cook Group shares last traded at $5.74, with a volume of 49,448,132 shares changing hands.

Several equities analysts recently issued reports on the company. Morgan Stanley set a $40.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Barclays restated a “hold” rating on shares of Bank of Montreal in a research note on Tuesday, June 11th. Jefferies Financial Group assumed coverage on in a research note on Wednesday, July 3rd. They set an “underperform” rating on the stock. UBS Group set a $133.00 price objective on LHC Group and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 3,050 ($39.85) price objective on shares of Cranswick in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Thomas Cook Group presently has an average rating of “Hold” and an average target price of GBX 37.70 ($0.49).

The company has a debt-to-equity ratio of 490.72, a current ratio of 0.49 and a quick ratio of 0.44. The company has a market cap of $88.19 million and a P/E ratio of -0.06. The business’s 50 day simple moving average is GBX 13.92.

Thomas Cook Group Company Profile (LON:TCG)

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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