Goldman Sachs Group Lowers Talktalk Telecom Group (TALK) Price Target to GBX 90

Talktalk Telecom Group (LON:TALK) had its price target lowered by Goldman Sachs Group from GBX 100 ($1.31) to GBX 90 ($1.18) in a research note issued to investors on Monday, February 4th. The brokerage currently has a sell rating on the stock.

TALK has been the subject of several other research reports. Macquarie reissued an outperform rating and set a GBX 150 ($1.96) price objective on shares of Talktalk Telecom Group in a report on Friday, November 9th. Deutsche Bank restated a buy rating and issued a GBX 173 ($2.26) target price on shares of Talktalk Telecom Group in a research note on Monday, February 4th. Barclays restated an overweight rating on shares of Talktalk Telecom Group in a research report on Thursday, November 22nd. UBS Group reissued a neutral rating on shares of Talktalk Telecom Group in a report on Monday, October 8th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a GBX 125 ($1.63) price objective on shares of Talktalk Telecom Group in a research report on Thursday, November 22nd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Talktalk Telecom Group currently has an average rating of Hold and a consensus price target of GBX 116.67 ($1.52).

Shares of TALK traded up GBX 1.90 ($0.02) during trading hours on Monday, hitting GBX 102.20 ($1.34). The company had a trading volume of 2,287,492 shares, compared to its average volume of 3,760,000. Talktalk Telecom Group has a one year low of GBX 88.60 ($1.16) and a one year high of GBX 220 ($2.87).

In other news, insider Charles W. Dunstone purchased 313,322 shares of Talktalk Telecom Group stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average price of GBX 116 ($1.52) per share, for a total transaction of £363,453.52 ($474,916.40). Also, insider Charles W. Dunstone bought 783,902 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was bought at an average price of GBX 116 ($1.52) per share, with a total value of £909,326.32 ($1,188,195.90).

About Talktalk Telecom Group

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

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