Trade Report: Today, Societe Generale Trims Talktalk Telecom Group PLC (TALK) Target Price to GBX 130

Today, Societe Generale Trims Talktalk Telecom Group PLC (TALK) Target Price to GBX 130

Talktalk Telecom Group PLC (LON:TALK) had its price target decreased by Societe Generale from GBX 185 ($2.30) to GBX 130 ($1.61) in a report released on Wednesday morning. Societe Generale currently has a sell rating on the stock.

Other analysts also recently issued research reports about the company. Credit Suisse Group AG reissued an outperform rating and issued a GBX 260 ($3.23) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 10th. Haitong Bank reissued a sell rating and issued a GBX 150 ($1.86) price objective on shares of Talktalk Telecom Group PLC in a research note on Tuesday, July 26th. Barclays PLC reissued an overweight rating and issued a GBX 350 ($4.34) price objective on shares of Talktalk Telecom Group PLC in a research note on Tuesday, October 4th. Deutsche Bank AG reissued a buy rating and issued a GBX 300 ($3.72) price objective on shares of Talktalk Telecom Group PLC in a research note on Monday, November 14th. Finally, Macquarie reissued an outperform rating and issued a GBX 290 ($3.60) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, November 23rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 229.63 ($2.85).

Talktalk Telecom Group PLC (LON:TALK) opened at 157.10 on Wednesday. The stock has a 50 day moving average price of GBX 196.75 and a 200-day moving average price of GBX 214.31. The stock’s market capitalization is GBX 1.49 billion. Talktalk Telecom Group PLC has a 12-month low of GBX 149.10 and a 12-month high of GBX 280.18.

The business also recently declared 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 dividend yield of 2.78%.

In other Talktalk Telecom Group PLC news, insider Tristia Harrison sold 116,152 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of GBX 190 ($2.36), for a total value of £220,688.80 ($273,773.48).

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