Tesco PLC (LON:TSCO) was downgraded by research analysts at BNP Paribas to a “neutral” rating in a research note issued to investors on Thursday. They presently have a GBX 200 ($2.61) target price on the retailer’s stock, up from their previous target price of GBX 185 ($2.41). BNP Paribas’ target price suggests a potential downside of 3.43% from the company’s previous close.
A number of other analysts have also recently weighed in on TSCO. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research report on Wednesday. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research report on Thursday. Jefferies Group reaffirmed a “hold” rating and issued a GBX 185 ($2.41) price target on shares of Tesco PLC in a research report on Thursday. Societe Generale reaffirmed a “sell” rating and issued a GBX 130 ($1.70) price target on shares of Tesco PLC in a research report on Thursday. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 215 ($2.81) price target on shares of Tesco PLC in a research report on Wednesday, June 15th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Tesco PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) opened at 201.65 on Thursday. The firm’s market cap is GBX 16.39 billion. The company’s 50-day moving average price is GBX 171.17 and its 200-day moving average price is GBX 169.36. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week 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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