TESCO’s Neutral Rating Reaffirmed at Bank of America Corp. (TSCO)
TESCO (LON:TSCO)‘s stock had its “neutral” rating restated by equities research analysts at Bank of America Corp. in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 365 ($5.85) price objective on the stock. Bank of America Corp.’s price target suggests a potential downside of 2.94% from the company’s current price.
A number of other analysts have also recently weighed in on TSCO. Analysts at Credit Suisse reiterated an “outperform” rating on shares of TESCO (LON:TSCO) in a research note to investors on Friday. They now have a GBX 430 ($6.89) price target on the stock. Separately, analysts at Nomura downgraded shares of TESCO (LON:TSCO) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 400 ($6.41) price target on the stock, down previously from GBX 430 ($6.89). Finally, analysts at Seymour Pierce reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Friday, September 13th. They now have a GBX 443 ($7.10) price target on the stock.
Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 387.35 ($6.20).
TESCO (LON:TSCO) traded down 0.05% on Monday, hitting GBX 376.05. 6,668,604 shares of the company’s stock traded hands. TESCO has a 52 week low of GBX 306.40 and a 52 week high of GBX 388.05. The stock’s 50-day moving average is GBX 370.3 and its 200-day moving average is GBX 366.0. The company’s market cap is £30.227 billion.
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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