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Time Out ( (GB:TMO) ) has provided an update.
Time Out Group plc has announced the opening of Time Out Market Budapest, its first market in Central & Eastern Europe and the twelfth globally. Located in the historic Corvin Palace, the market spans 27,000 sq ft and features 11 kitchens, three bars, and five event spaces, showcasing the city’s culinary and cultural talent. This expansion marks a significant step in Time Out’s strategy to grow its market portfolio, with additional locations planned for 2025 and beyond, enhancing its presence in the global food and cultural market industry.
The most recent analyst rating on (GB:TMO) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Time Out stock, see the GB:TMO Stock Forecast page.
Spark’s Take on GB:TMO Stock
According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.
The overall stock score is driven by mixed financial performance and bearish technical indicators. However, the strategic expansion into India provides a positive outlook for future growth. The negative P/E ratio and lack of dividend yield weigh on the valuation.
To see Spark’s full report on GB:TMO stock, click here.
More about Time Out
Time Out Group is a global media and hospitality company that inspires and enables people to experience the best of city life. Founded in London in 1968, it operates across over 350 cities in more than 50 countries, offering curated content about the best things to do, see, and eat through digital and physical channels. The company is known for Time Out Market, the world’s first editorially curated food and cultural market.
Average Trading Volume: 278,994
Technical Sentiment Signal: Sell
Current Market Cap: £49.14M
See more data about TMO stock on TipRanks’ Stock Analysis page.