Macquarie Lowers Talktalk Telecom Group PLC (TALK) Price Target to GBX 290
Talktalk Telecom Group PLC (LON:TALK) had its price objective cut by investment analysts at Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target would suggest a potential upside of 32.36% from the company’s current price.
Other research analysts have also issued research reports about the stock. Deutsche Bank AG initiated coverage on shares of Talktalk Telecom Group PLC in a research report on Wednesday, July 6th. They issued a “buy” rating and a GBX 300 ($3.71) price target for the company. Berenberg Bank raised shares of Talktalk Telecom Group PLC to a “hold” rating and raised their price objective for the stock from GBX 208 ($2.57) to GBX 224 ($2.77) in a report on Friday, July 22nd. HSBC raised their price objective on shares of Talktalk Telecom Group PLC from GBX 225 ($2.78) to GBX 245 ($3.03) and gave the stock a “hold” rating in a report on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 230 ($2.85) price objective on shares of Talktalk Telecom Group PLC in a report on Thursday, July 21st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 260 ($3.22) price objective on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 249.06 ($3.08).
Talktalk Telecom Group PLC (LON:TALK) opened at 218.50 on Monday. The firm has a 50 day moving average price of GBX 206.23 and a 200 day moving average price of GBX 227.06. Talktalk Telecom Group PLC has a 12-month low of GBX 184.00 and a 12-month high of GBX 315.30. The company’s market cap is GBX 2.07 billion.
In related news, insider Torrens,Iain acquired 132 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average cost of GBX 225 ($2.78) per share, for a total transaction of £297 ($367.57).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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