Tesco PLC (LON:TSCO)‘s stock had its “sell” rating restated by analysts at Societe Generale in a report released on Thursday. They presently have a GBX 130 ($1.70) price target on the retailer’s stock. Societe Generale’s price objective indicates a potential downside of 35.39% from the stock’s current price.
A number of other research analysts have also recently weighed in on TSCO. Barclays PLC restated an “overweight” rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 195 ($2.55) price target on shares of Tesco PLC in a report on Friday, June 24th. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a report on Wednesday, October 5th. Beaufort Securities restated a “hold” rating on shares of Tesco PLC in a report on Thursday. Finally, Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 142 ($1.85) target price on shares of Tesco PLC in a report on Monday, June 27th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) opened at 199.90 on Thursday. The company’s market cap is GBX 16.25 billion. The company has a 50-day moving average price of GBX 173.37 and a 200-day moving average price of GBX 169.77. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85.
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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