TESCO Receives Buy Rating from Cantor Fitzgerald (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald in a report issued on Thursday, ARN reports. They currently have a GBX 443 ($6.93) price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 19.28% from the stock’s previous close.
TESCO (LON:TSCO) traded up 0.16% on Thursday, hitting GBX 372.00. 10,234,098 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 368.6 and a 200-day moving average of GBX 365.7. The company’s market cap is £29.901 billion.
A number of other firms have also recently commented on TSCO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Wednesday. They now have a GBX 428 ($6.69) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of TESCO (LON:TSCO) in a research note to investors on Tuesday. They now have a GBX 425 ($6.64) price target on the stock. Finally, analysts at Santander reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Friday, September 6th. They now have a GBX 425 ($6.64) price target on the stock.
Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. TESCO has an average rating of “Hold” and a consensus target price of GBX 387.14 ($6.05).
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
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