Thomas Cook Group (TCG) Upgraded at Numis Securities

Numis Securities upgraded shares of Thomas Cook Group (LON:TCG) to a buy rating in a research report sent to investors on Tuesday morning. Numis Securities currently has GBX 149 ($2.09) price objective on the travel company’s stock.

Several other research analysts have also recently issued reports on TCG. Barclays reissued an equal weight rating and issued a GBX 122 ($1.71) target price on shares of Thomas Cook Group in a research report on Tuesday, November 7th. HSBC initiated coverage on Thomas Cook Group in a research report on Monday, November 20th. They issued a buy rating and a GBX 140 ($1.96) target price on the stock. Morgan Stanley raised their target price on Thomas Cook Group from GBX 125 ($1.75) to GBX 130 ($1.82) and gave the stock an equal weight rating in a research report on Thursday, November 23rd. Berenberg Bank cut Thomas Cook Group to a sell rating and raised their target price for the stock from GBX 80 ($1.12) to GBX 100 ($1.40) in a research report on Thursday, November 30th. Finally, Credit Suisse Group raised their target price on Thomas Cook Group from GBX 109 ($1.53) to GBX 112 ($1.57) and gave the stock a neutral rating in a research report on Saturday, December 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 120.80 ($1.69).

Thomas Cook Group (LON TCG) opened at GBX 120.40 ($1.69) on Tuesday. The stock has a market capitalization of $1,850.00 and a PE ratio of 12,040.00. Thomas Cook Group has a 12-month low of GBX 82.59 ($1.16) and a 12-month high of GBX 132.20 ($1.85).

Thomas Cook Group (LON:TCG) last announced its 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 ($0.14) 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%.

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

In other news, insider Peter Fankhauser sold 91,348 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of GBX 127 ($1.78), for a total value of £116,011.96 ($162,663.99). Also, insider Paul Edgecliffe-Johnson acquired 17,852 shares of the firm’s stock in a transaction dated Thursday, November 23rd. The stock was bought at an average cost of GBX 111 ($1.56) per share, for a total transaction of £19,815.72 ($27,784.24).

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About Thomas Cook Group

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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