Why Has JP Morgan Cazenove Given Telecom plus PLC (LON:TEP) a GBX 1290.00 Price Target
JP Morgan Cazenove have started its coverage for Telecom plus PLC (LON:TEP), this morning Tuesday, 15 December. The firm found the stock of TEP quite attractive and now has a TP of GBX 1290.00 with a key Overweight rating.
From a total of 3 analysts covering Telecom plus PLC (LON:TEP) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is GBX 1400 while the lowest target price is GBX 1150. The mean of all analyst targets is GBX 1286.67 with a 25.16% above today’s (GBX 1028) stock price. Telecom plus PLC was the topic of 5 analyst reports since October 23, 2015 according to the firm StockzIntelligence Inc. FinnCap maintained shares on November 24 with “Buy” rating.
The stock decreased 1.15% or GBX 12 on December 14, striking GBX 1028. Approximately 58,807 shares of stock traded hands. Telecom plus PLC (LON:TEP) has risen 24.08% since May 18, 2015 and is uptrending. It has outperformed by 28.50% the S&P500.
The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 0.48, from 1.42 in 2015Q2. The ratio turned negative, as 22 institutions have sold all the shares of Telecom plus PLC that they owned while 28 funds have taken shares off the table. 21 funds have purchased shares for the first time while 26 added to their positions. These institutions now hold 28.32 million shares or 5.93% more than the 26.73 million shares they owned in 2015Q2.
The Fund Rr Advisors Llc currently is holding shares equating to 8.98% of its total portfolio in Telecom plus PLC representing a total of 1.41 million shares. Another fund,Yorkville Capital Management Llc, is holding a total of 153,973 shares equating to 6.04% of their holdings. Additionally, Oxbow Advisors Llc has a 526,170 share stake in Telecom plus PLC which represents 4.31% of their total portfolio. The Fund, Salient Capital Advisors Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 2.64% of their total portfolio. Finally Argyll Research Llc, a fund which is based in the state of Delaware reported a total holdings of 325,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of Telecom plus PLC have witnessed 1 insider purchase, and a total of 0 insider sales equating to a net activity of approximately $214,900 . Dehaemers David G Jr bought 5,000 shares worth approximately $214,900.
Telecom Plus PLC, based in the United Kingdom, provides a range of services to households and small to medium-sized businesses. The company has a market cap of 824.76 million GBP. The Firm is engaged in supply of fixed telephony, mobile telephony, gas, electricity and Internet services. It has 24.93 P/E ratio. The Firm operates in two divisions: Customer Acquisition and Customer Management.
According to Zacks Investment Research, “Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas.”