TESCO Receives “Buy” Rating from Grupo Santander (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Grupo Santander in a note issued to investors on Monday, American Banking News reports. They currently have a GBX 425 ($6.86) price objective on the stock. Grupo Santander’s price target would indicate a potential upside of 17.21% from the company’s current price.
A number of other firms have also recently commented on TSCO. Analysts at AlphaValue reiterated an “add” rating on shares of TESCO (LON:TSCO) in a research note to investors on Thursday. They now have a GBX 401 ($6.47) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of TESCO (LON:TSCO) in a research note to investors on Wednesday, September 25th. They now have a GBX 290 ($4.68) 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 Wednesday, September 25th. They now have a GBX 425 ($6.86) price target on the stock. Ten equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. TESCO currently has a consensus rating of “Hold” and a consensus price target of GBX 383.67 ($6.19).
TESCO (LON:TSCO) opened at 363.00 on Monday. 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 £29.178 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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