Telecom Plus (LON:TEP) Receives Buy Rating from Peel Hunt

Key Points

• Telecom Plus (LON:TEP) received a "buy" rating from Peel Hunt, with a price target of GBX 2,600, indicating a potential upside of 41% from its previous close.
• Earlier, Berenberg Bank also reiterated a "buy" rating for the stock, contributing to a consensus rating of "Buy" from two research analysts.
• Recently, the stock traded up to GBX 1,844, with a market cap of £1.47 billion and a P/E ratio of 1,939.01.

Telecom Plus (LON:TEP - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 2,600 price target on the stock. Peel Hunt's target price indicates a potential upside of 41.00% from the company's previous close.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 2,600.

Telecom Plus Stock Performance

LON TEP traded up GBX 22 during midday trading on Tuesday, hitting GBX 1,844. The company had a trading volume of 74,582 shares, compared to its average volume of 177,757. The firm has a fifty day simple moving average of GBX 1,852.43 and a two-hundred day simple moving average of GBX 1,892.59. The stock has a market cap of £1.47 billion, a price-to-earnings ratio of 1,939.01, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. Telecom Plus has a fifty-two week low of GBX 1,580 and a fifty-two week high of GBX 2,100.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Nick Schoenfeld sold 5,798 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of GBX 1,988, for a total transaction of £115,264.24. Also, insider Stuart Burnett sold 8,642 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £171,802.96. 13.79% of the stock is currently owned by insiders.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.

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