Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse Group AG in a research note issued on Friday. They presently have a GBX 130 ($1.70) price objective on the retailer’s stock. Credit Suisse Group AG’s target price points to a potential downside of 35.61% from the stock’s current price.
Several other research analysts have also recently issued reports on TSCO. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research note on Wednesday. Societe Generale reissued a “sell” rating and issued a GBX 130 ($1.70) price target on shares of Tesco PLC in a research note on Thursday. Barclays PLC reissued an “overweight” rating and issued a GBX 215 ($2.81) price target on shares of Tesco PLC in a research note on Wednesday, June 15th. Jefferies Group reissued a “hold” rating and issued a GBX 185 ($2.41) price target on shares of Tesco PLC in a research note on Thursday. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 195 ($2.55) price target on shares of Tesco PLC in a research note on Friday, June 24th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) opened at 201.90 on Friday. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85. The firm’s market cap is GBX 16.41 billion. The stock’s 50 day moving average is GBX 172.40 and its 200-day moving average is GBX 169.59.
Tesco PLC Company Profile
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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