Insider Selling: Thomas Cook Group plc (LON:TCG) Insider Sells 91,348 Shares of Stock

Thomas Cook Group plc (LON:TCG) insider Peter Fankhauser sold 91,348 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of GBX 127 ($1.72), for a total value of £116,011.96 ($157,325.68).

Shares of Thomas Cook Group plc (TCG) opened at GBX 129.50 ($1.76) on Wednesday. The company has a market capitalization of $1,990.00 and a PE ratio of 12,950.00. Thomas Cook Group plc has a 1 year low of GBX 82.59 ($1.12) and a 1 year high of GBX 132.20 ($1.79).

Thomas Cook Group (LON:TCG) last released its quarterly earnings results on Wednesday, November 22nd. The travel company reported GBX 9.30 ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)). The business had revenue of GBX 900.70 billion for the quarter. Thomas Cook Group had a return on equity of 267.21% and a net margin of 4.72%.

The firm also recently declared a dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 8th will be given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend yield of 0.51%. This is a positive change from Thomas Cook Group’s previous dividend of $0.50.

TCG has been the topic of several analyst reports. Shore Capital reissued a “buy” rating on shares of Thomas Cook Group in a research note on Tuesday, September 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 105 ($1.42) target price on shares of Thomas Cook Group in a research note on Wednesday, September 27th. Barclays reissued an “equal weight” rating and issued a GBX 122 ($1.65) target price on shares of Thomas Cook Group in a research note on Tuesday, November 7th. HSBC initiated coverage on Thomas Cook Group in a research note on Monday, November 20th. They issued a “buy” rating and a GBX 140 ($1.90) target price on the stock. Finally, Morgan Stanley increased their target price on Thomas Cook Group from GBX 125 ($1.70) to GBX 130 ($1.76) and gave the company an “equal weight” rating in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 117.67 ($1.60).

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Thomas Cook Group 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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