Trade Report: Today, Barclays PLC Downgraded Talktalk Telecom Group PLC (TALK) Price Target to GBX 250

Today, Barclays PLC Downgraded Talktalk Telecom Group PLC (TALK) Price Target to GBX 250

Talktalk Telecom Group PLC (LON:TALK) had its price target decreased by equities research analysts at Barclays PLC from GBX 350 ($4.37) to GBX 250 ($3.12) in a research report issued on Monday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price points to a potential upside of 60.26% from the company’s previous close.

Several other analysts have also commented on the company. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 260 ($3.25) price objective on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 10th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 300 ($3.75) price objective on shares of Talktalk Telecom Group PLC in a report on Tuesday, September 6th. Macquarie dropped their price objective on Talktalk Telecom Group PLC from GBX 300 ($3.75) to GBX 290 ($3.62) and set an “outperform” rating on the stock in a report on Monday, October 10th. Haitong Bank reissued a “sell” rating and issued a GBX 150 ($1.87) price objective on shares of Talktalk Telecom Group PLC in a report on Thursday, September 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 260 ($3.25) price objective on shares of Talktalk Telecom Group PLC in a report on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 229.63 ($2.87).

Shares of Talktalk Telecom Group PLC (LON:TALK) traded up 0.39% during trading on Monday, reaching GBX 156.00. The company’s stock had a trading volume of 2,882,276 shares. The company’s market capitalization is GBX 1.48 billion. Talktalk Telecom Group PLC has a 1-year low of GBX 152.40 and a 1-year high of GBX 280.18. The stock has a 50 day moving average of GBX 198.74 and a 200-day moving average of GBX 215.84.

The firm also recently announced a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 24th will be given a GBX 5.29 ($0.07) dividend. The ex-dividend date is Thursday, November 24th. This represents a yield of 2.78%.

In other Talktalk Telecom Group PLC news, insider Tristia Harrison sold 116,152 shares of Talktalk Telecom Group PLC stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of GBX 190 ($2.37), for a total value of £220,688.80 ($275,723.14).

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