Thomas Cook Group plc (TCG) Issues Earnings Results
Thomas Cook Group plc (LON:TCG) posted its quarterly earnings data on Wednesday. The travel company reported GBX 9.30 ($0.12) earnings per share for the quarter, missing the consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)), Bloomberg Earnings reports. The firm had revenue of £900.70 billion for the quarter. Thomas Cook Group plc had a negative return on equity of 211.75% and a negative net margin of 9.08%.
Thomas Cook Group plc (LON TCG) opened at GBX 111.30 ($1.46) on Wednesday. Thomas Cook Group plc has a 52 week low of GBX 70.40 ($0.93) and a 52 week high of GBX 127.60 ($1.68).
A number of equities research analysts recently issued reports on TCG shares. Barclays PLC increased their price target on Thomas Cook Group plc from GBX 100 ($1.32) to GBX 122 ($1.60) and gave the stock an “equal weight” rating in a research report on Tuesday, September 5th. Shore Capital reaffirmed a “buy” rating on shares of Thomas Cook Group plc in a report on Thursday, September 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 105 ($1.38) target price on shares of Thomas Cook Group plc in a report on Wednesday, September 27th. HSBC Holdings PLC began coverage on Thomas Cook Group plc in a research report on Monday. They issued a “buy” rating and a GBX 140 ($1.84) price objective for the company. Finally, Citigroup Inc. lifted their price target on Thomas Cook Group plc from GBX 80 ($1.05) to GBX 115 ($1.51) and gave the company a “neutral” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 103.44 ($1.36).
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Thomas Cook Group plc Company Profile
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.
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