Barclays Trims KCOM Group (KCOM) Target Price to GBX 100
KCOM Group (LON:KCOM) had its price objective lowered by Barclays from GBX 105 ($1.41) to GBX 100 ($1.34) in a research report sent to investors on Wednesday morning. Barclays currently has an equal weight rating on the stock.
Several other brokerages have also commented on KCOM. Peel Hunt restated a buy rating and set a GBX 150 ($2.01) price target on shares of KCOM Group in a research note on Tuesday. FinnCap cut their price target on KCOM Group from GBX 130 ($1.74) to GBX 120 ($1.61) and set a corporate rating on the stock in a research note on Tuesday.
KCOM Group (LON:KCOM) traded up GBX 1 ($0.01) during mid-day trading on Wednesday, reaching GBX 98 ($1.31). The company’s stock had a trading volume of 466,622 shares, compared to its average volume of 321,676. KCOM Group has a twelve month low of GBX 87 ($1.17) and a twelve month high of GBX 111.25 ($1.49).
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KCOM Group Company Profile
KCOM Group PLC is engaged in providing information technology (IT) and communications services. The Company’s segments include Enterprise, Hull and East Yorkshire and National Network Services. The Enterprise segment is engaged in providing IT and integration services, including cloud-based infrastructure and contact and collaboration solutions, to the United Kingdom-based public and private sector organizations.
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