The Peel Hunt Reiterates Buy Rating for Telecom plus PLC (TEP)

The Peel Hunt Reiterates Buy Rating for Telecom plus PLC (TEP)

Telecom plus PLC (LON:TEP)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 1,300 ($16.24) price target on the stock. Peel Hunt’s price objective points to a potential upside of 7.08% from the company’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Telecom plus PLC from GBX 1,260 ($15.74) to GBX 1,290 ($16.12) and gave the stock an “overweight” rating in a research note on Wednesday, November 23rd. FinnCap reissued a “buy” rating and set a GBX 1,230 ($15.37) target price on shares of Telecom plus PLC in a research note on Monday, November 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,174 ($14.67).

Shares of Telecom plus PLC (LON:TEP) opened at 1211.988647 on Monday. Telecom plus PLC has a one year low of GBX 799.89 and a one year high of GBX 1,260.00. The company’s market cap is GBX 969.63 million. The company’s 50 day moving average is GBX 1,171.78 and its 200 day moving average is GBX 1,075.12.

The firm also recently disclosed a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, December 1st will be paid a GBX 23 ($0.29) dividend. This represents a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 1st.

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