Stocks: Talktalk Telecom Group PLC (TALK) Given New GBX 185 Price Target at Royal Bank of Canada

Stocks: Talktalk Telecom Group PLC (TALK) Given New GBX 185 Price Target at Royal Bank of Canada

Talktalk Telecom Group PLC (LON:TALK) had its price objective cut by Royal Bank of Canada from GBX 225 ($2.91) to GBX 185 ($2.39) in a report released on Thursday. They currently have a sector perform rating on the stock.

Several other brokerages also recently commented on TALK. Deutsche Bank AG restated a buy rating and set a GBX 280 ($3.62) price objective on shares of Talktalk Telecom Group PLC in a research report on Tuesday, May 2nd. Credit Suisse Group AG restated an outperform rating and set a GBX 260 ($3.36) price objective on shares of Talktalk Telecom Group PLC in a research report on Friday, April 21st. HSBC Holdings plc upgraded shares of Talktalk Telecom Group PLC to a buy rating and boosted their price objective for the company from GBX 175 ($2.26) to GBX 250 ($3.23) in a research report on Friday, April 21st. Macquarie restated an outperform rating and set a GBX 240 ($3.10) price objective on shares of Talktalk Telecom Group PLC in a research report on Tuesday. Finally, BNP Paribas restated an underperform rating and set a GBX 150 ($1.94) price objective on shares of Talktalk Telecom Group PLC in a research report on Tuesday, March 14th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 193.93 ($2.51).

Talktalk Telecom Group PLC (LON:TALK) traded up 2.68% during trading on Thursday, hitting GBX 168.30. The company had a trading volume of 5,340,486 shares. The stock has a 50-day moving average of GBX 189.15 and a 200-day moving average of GBX 176.27. The stock’s market capitalization is GBX 1.61 billion. Talktalk Telecom Group PLC has a one year low of GBX 144.96 and a one year high of GBX 280.00.

The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be paid a GBX 5 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a dividend yield of 2.96%.

In related news, insider Tristia Harrison sold 25,650 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of GBX 168 ($2.17), for a total value of £43,092 ($55,732.02).

Talktalk Telecom Group PLC Company Profile

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

Related posts

Leave a Comment