Equities researchers at Bank of America upped their target price on shares of Thomas Cook Group (LON: TCG) from $0.34 (23 GBX) to $0.97 (64 GBX) in a report issued on Tuesday. The firm currently has an “underweight” rating on the stock.
Shares of Thomas Cook Group (LON: TCG) traded down 3.46% during mid-day trading on Tuesday, hitting GBX 111.50. Thomas Cook Group has a one year low of GBX 13.28 and a one year high of GBX 124.17. The stock’s 50-day moving average is currently GBX 16.84. The company’s market cap is £983.3 million.
TCG has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Thomas Cook Group in a research note to investors on Friday, March 8th. They now have a $0.19 price target on the stock.
Thomas Cook Group plc operates under six geographic segments: UK, Central Europe, West & East Europe, Northern Europe, North America and Airlines Germany.