TESCO’s “Outperform” Rating Reaffirmed at BNP Paribas (TSCO)
TESCO (LON:TSCO)‘s stock had its “outperform” rating restated by stock analysts at BNP Paribas in a report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 425 ($6.81) price target on the stock. BNP Paribas’ price objective indicates a potential upside of 13.64% from the stock’s previous close.
Shares of TESCO (LON:TSCO) opened at 362.25 on Wednesday. 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 £29.118 billion.
A number of other firms have also recently commented on TSCO. Analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Wednesday. They now have a GBX 440 ($7.05) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of TESCO (LON:TSCO) from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 350 ($5.61) price target on the stock, down previously from GBX 390 ($6.25). Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of TESCO (LON:TSCO) in a research note to investors on Tuesday. They now have a GBX 365 ($5.85) price target on the stock.
Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. TESCO presently has an average rating of “Hold” and an average target price of GBX 385.68 ($6.18).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.