skip to content

Market News

Thomas Cook upgraded by Barclays

24 November 2016 14:24

Barclays Capital has upgraded its investment rating on travel group Thomas Cook (LON:TCG) to 'overweight' (from 'equal weight'), which it says is given the supportive valuation, resilient margins and scope to materially increase dividends.

The bank added: "No EPS downgrades, the re-introduction of the dividend and proactive actions to improve Condor profits suggests TCG may have reached an inflection point.

"We have been cautious on TCG for 2.5 years but margins and cash have improved (FY16 results reassuring), and valuation is attractive."

Barclays has increased its target to 90 pence per share from 75 pence.

At 2:24pm: (LON:TCG) Thomas Cook Group PLC share price was +2.25p at 81.25p

Story provided by

Related Company: TCG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.