Tesco PLC (LON:TSCO)‘s stock had its “sell” rating reiterated by Bryan, Garnier & Co in a research note issued on Wednesday. They currently have a GBX 166 ($2.17) price target on the retailer’s stock. Bryan, Garnier & Co’s price target indicates a potential downside of 12.03% from the stock’s current price.
Several other research analysts have also recently issued reports on TSCO. Barclays PLC reissued an “overweight” rating and issued a GBX 215 ($2.81) price objective on shares of Tesco PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Friday, June 24th. Societe Generale dropped their price objective on Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “sell” rating on the stock in a research note on Friday, June 17th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 142 ($1.85) price objective on shares of Tesco PLC in a research note on Monday, June 27th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a research note on Thursday, September 29th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 194.21 ($2.54).
Shares of Tesco PLC (LON:TSCO) opened at 204.25 on Wednesday. The company’s market cap is GBX 16.61 billion. The company has a 50 day moving average price of GBX 169.80 and a 200 day moving average price of GBX 169.27. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 207.00.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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