Results out soon in August.

Broker recos look very bullish and why not on a P/E of just over 6 to 2011.....

Thomas Cook Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Panmure Gordon
02-08-10 BUY 319.00 27.10 11.30 338.00 28.70 12.40

Exane BNP Paribas
02-08-10 BUY 116.00 26.62 10.75 319.00 28.87 11.66

Numis Securities Ltd
02-08-10 ADD 324.20 27.60 11.25 357.10 29.90 11.81

Oriel Securities
02-08-10 BUY 330.40 28.40 11.40 363.50 31.30 12.10

KBC Peel Hunt Ltd
30-07-10 BUY 301.06 25.22 10.75 313.36 26.23 10.93

WestLB
30-07-10 SELL 28.81 11.52 29.91 11.96

Shore Capital
30-07-10 HOLD 312.00 26.50 11.80 347.00 29.50 13.00

Charles Stanley Securities
15-06-10 HOLD

Evolution Securities Ltd
11-02-10 None

Investec Securities [R]
09-02-10 BUY 327.00 27.30 11.74 352.23 29.39 12.49

Fyshe Horton Finney Ltd
25-01-10 BUY

Collins Stewart
24-12-09 BUY

Nomura Research Institute
25-09-09 RED

2010 2011
Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Consensus 316.42 26.98 11.36 342.50 29.39 11.96

1 Month Change 1.07 -0.22 0.01 3.43 -0.14 -0.14
3 Month Change -11.92 -1.09 -0.05 -11.79 -1.00 -0.44


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 2.76% 0.38% 8.92%
DPS 14.03% 10.80% 5.26%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA �574.90m �589.69m �613.90m
EBIT �372.50m �420.55m �447.05m
Dividend Yield 5.38% 5.96% 6.27%
Dividend Cover 2.62x 2.38x 2.46x
PER 7.10x 7.07x 6.49x
PEG 2.57f 18.55f 0.73f
Net Asset Value PS -240.80p 224.47p 240.43p

I shall and not fussed as CFDs don't have time constraints

Blue anyway.

Looks like another broker Paribas out
with a BUY note.

Obviously not fully up to date yet
but forward P/E of just 11.3 for 2015
way undervalued and too big a discount to TUI.

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Exane BNP Paribas [R]
28-11-13 BUY 168.00 10.99 261.00 15.10 4.67
Numis Securities Ltd
28-11-13 ADD 208.80 11.20 303.40 16.20
Shore Capital [R]
22-11-13 BUY 187.00 11.40 272.00 14.20
Investec Securities
21-11-13 HOLD 200.60 10.63 274.00 14.89 6.70

2014 2015
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 200.51 11.04 278.71 15.44 4.72
1 Month Change 1.70 -0.16 -9.73 -0.04 0.00
3 Month Change 1.84 -0.16 -9.49 -0.04 0.00


GROWTH

2013 (A) 2014 (E) 2015 (E)
Norm. EPS % % 39.92%
DPS % % %

INVESTMENT RATIOS

2013 (A) 2014 (E) 2015 (E)
EBITDA £m £525.27m £587.14m
EBIT £m £360.13m £442.48m
Dividend Yield 0.00% % 2.69%
Dividend Cover x x 3.27x
PER -12.80x 15.92x 11.38x
PEG f f 0.28f
Net Asset Value PS p 34.10p 46.90p

Jefferies Group Reiterates “Buy” Rating for Thomas Cook Group (TCG)

Posted by Bonnie Powley on Nov 29th, 2013

Jefferies Group reiterated their buy rating on shares of Thomas Cook Group (LON:TCG) in a research report released on Thursday morning, AR Network reports. Jefferies Group currently has a GBX 200 ($3.25) price objective on the stock.

Thomas Cook Group (LON:TCG) opened at 178.266 on Thursday. Thomas Cook Group has a 52 week low of GBX 25.311 and a 52 week high of GBX 179.30. The stock has a 50-day moving average of GBX 147.0 and a 200-day moving average of GBX 145.1. The company’s market cap is £1.595 billion.

A number of other analysts have also recently weighed in on TCG. Analysts at Numis Securities Ltd upgraded shares of Thomas Cook Group to an add rating in a research note to investors on Monday. They now have a GBX 175 ($2.84) price target on the stock, up previously from GBX 150 ($2.43). Separately, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of Thomas Cook Group in a research note to investors on Friday, November 22nd. They now have a GBX 180 ($2.92) price target on the stock. Finally, analysts at Panmure Gordon reiterated a buy rating on shares of Thomas Cook Group in a research note to investors on Friday, November 22nd. They now have a GBX 180 ($2.92) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 151.02 ($2.45).

Thomas Cook Group plc operates under six geographic segments: UK, Central Europe, West & East Europe, Northern Europe, North America and Airlines Germany

02 Dec 2013 Thomas Cook Group... TCG Citigroup Buy 174.95 173.80 195.00 230.00 Reiterates

SP TARGET 230p.

TCG HSBC raises to 220p overweight.

HSBC Increases Thomas Cook Group Price Target to GBX 220 (TCG)
Posted by Bonnie Powley on Dec 2nd, 2013

Equities research analysts at HSBC raised their target price on shares of Thomas Cook Group (LON:TCG) from GBX 200 ($3.27) to GBX 220 ($3.60) in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. HSBC’s price objective points to a potential upside of 26.58% from the company’s current price.

Shares of Thomas Cook Group (LON:TCG) opened at 176.20 on Monday. Thomas Cook Group has a 52-week low of GBX 21.942 and a 52-week high of GBX 179.30. The stock’s 50-day moving average is GBX 147.8 and its 200-day moving average is GBX 145.3. The company’s market cap is £1.576 billion.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Thomas Cook Group from GBX 195 ($3.19) to GBX 230 ($3.77) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays downgraded shares of Thomas Cook Group to a “neutral” rating in a research note to investors on Monday. They now have a GBX 200 ($3.27) price target on the stock, up previously from GBX 180 ($2.95). Finally, analysts at Credit Suisse raised their price target on shares of Thomas Cook Group from GBX 175 ($2.87) to GBX 195 ($3.19) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 159.47 ($2.61).

Thomas Cook Group plc operates under six geographic segments: UK, Central Europe, West & East Europe, Northern Europe, North America and Airlines Germany

Joined the crowd today GF in on a spread bet long @ 168.4 :O)

Thomas Cook Group Receives Outperform Rating from Credit Suisse (TCG)
Posted by John Perry on Dec 11th, 2013

Thomas Cook Group (LON:TCG)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Wednesday, American Banking News reports. They currently have a GBX 195 ($3.19) price target on the stock. Credit Suisse’s target price would indicate a potential upside of 14.71% from the company’s current price.

Thomas Cook Group (LON:TCG) opened at 171.175 on Wednesday. Thomas Cook Group has a 1-year low of GBX 30.774 and a 1-year high of GBX 179.50. The stock has a 50-day moving average of GBX 151.9 and a 200-day moving average of GBX 146.2. The company’s market cap is £1.531 billion.

A number of other analysts have also recently weighed in on TCG. Analysts at Panmure Gordon raised their price target on shares of Thomas Cook Group from GBX 200 ($3.27) to GBX 230 ($3.76) in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Separately, analysts at HSBC raised their price target on shares of Thomas Cook Group from GBX 200 ($3.27) to GBX 220 ($3.60) in a research note to investors on Monday, December 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Thomas Cook Group from GBX 195 ($3.19) to GBX 230 ($3.76) in a research note to investors on Monday, December 2nd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Thomas Cook Group has an average rating of “Hold” and a consensus price target of GBX 161.97 ($2.65).

Thomas Cook Group plc operates under six geographic segments: UK, Central Europe, West & East Europe, Northern Europe, North America and Airlines Germany.

What spooked Thomas this morning .

This won't of helped!

Nomura Reduce 162.60 167.70 136.00 152.00 Downgrades

Yep Nomura downgrade, havent found out why yet.

How can it be a downgrade???

Old SP target was 136p, new Sp target is 152p.

Done a bit of detective work last time they reviewed their figures were this.....

23 May 13 Thomas Cook Group... Nomura Neutral 163.75 105.00 159.00 Upgrades

so they have gone from 159p to 152p SP target.

not worth losing sleep over is it.

Date Broker name New Price Old price target New price target Broker change
13-Dec-13 Nomura Reduce 162.50p 136.00p 152.00p DownGrade
11-Dec-13 Credit Suisse Outperform 170.20p 195.00p 195.00p Reiteration
05-Dec-13 Panmure Gordon Buy 171.80p 200.00p 230.00p Reiteration
03-Dec-13 Investec Securities Hold 168.30p 155.00p 185.00p Reiteration
02-Dec-13 Citigroup Buy 175.30p 195.00p 230.00p Reiteration
02-Dec-13 Barclays Neutral 175.30p 180.00p 200.00p DownGrade
29-Nov-13 JP Morgan Cazenove Overweight 173.80p 180.00p 180.00p Reiteration
28-Nov-13 Jefferies Buy 175.70p 200.00p 200.00p Reiteration
28-Nov-13 Numis Securities Add 175.70p 175.00p 175.00p Reiteration
25-Nov-13 Numis Securities Add 151.60p 150.00p 175.00p Upgrade
22-Nov-13 Panmure Gordon Buy 148.40p 180.00p 180.00p Reiteration
22-Nov-13 AlphaValue Reduce 148.40p 154.80p 155.50p DownGrade
20-Nov-13 Jefferies Buy 151.10p 200.00p 200.00p Reiteration

They have also gone from neutral to reduce - but so what.

One downgrade,, , ,i don't much like broker rec's anyway.

Waste of space the lot of them. Covering their arsxs as usual.

Panmure Gordon rated this as worth only 8p to 13p until the sp climbed from 20p up to over £1, then I think they realised the battery in their calculator had gone flat.

Strange how some put down brokers but then use them when its to their advantage.