Seymour Pierce Reiterates “Buy” Rating for TESCO (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating restated by equities research analysts at Seymour Pierce in a research note issued to investors on Friday, AnalystRatings.Net reports. They currently have a GBX 443 ($6.93) price target on the stock. Seymour Pierce’s target price would suggest a potential upside of 19.17% from the stock’s previous close.
Shares of TESCO (LON:TSCO) opened at 371.05 on Friday. The stock has a 50-day moving average of GBX 368.8 and a 200-day moving average of GBX 365.8. The company’s market cap is £29.825 billion.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Thursday. They now have a GBX 443 ($6.93) price target on the stock. Separately, 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. Finally, 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.
Eight analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. TESCO has an average rating of “Hold” and a consensus target price of GBX 389.47 ($6.09).
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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