Trade Report: The Talktalk Telecom Group PLC’s (TALK) Overweight Rating Reaffirmed at Barclays PLC

The Talktalk Telecom Group PLC’s (TALK) Overweight Rating Reaffirmed at Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of Talktalk Telecom Group PLC (LON:TALK) in a research report sent to investors on Tuesday. The brokerage currently has a GBX 350 ($4.57) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG reissued a buy rating on shares of Talktalk Telecom Group PLC in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Talktalk Telecom Group PLC from GBX 220 ($2.87) to GBX 230 ($3.00) and gave the stock a neutral rating in a report on Wednesday, July 13th. Credit Suisse Group AG reissued an outperform rating and set a GBX 260 ($3.39) target price on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 10th. Haitong Bank reissued a sell rating and set a GBX 150 ($1.96) target price on shares of Talktalk Telecom Group PLC in a report on Tuesday, July 26th. Finally, Berenberg Bank raised Talktalk Telecom Group PLC to a hold rating and lifted their target price for the stock from GBX 208 ($2.72) to GBX 224 ($2.92) in a report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 246.50 ($3.22).

Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 211.00 on Tuesday. The company’s market cap is GBX 2.00 billion. Talktalk Telecom Group PLC has a 12-month low of GBX 184.00 and a 12-month high of GBX 319.50. The stock has a 50 day moving average of GBX 207.38 and a 200 day moving average of GBX 228.10.

In related news, insider Torrens,Iain bought 132 shares of Talktalk Telecom Group PLC stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average cost of GBX 225 ($2.94) per share, for a total transaction of £297 ($387.68).

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