TESCO PT Lowered to GBX 415 (TSCO)
Investment analysts at Santander reduced their target price on shares of TESCO (LON:TSCO) from GBX 425 ($6.86) to GBX 415 ($6.70) in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Santander’s price objective points to a potential upside of 13.70% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “hold” rating on shares of TESCO (LON:TSCO) in a research note to investors on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Thursday. They now have a GBX 440 ($7.10) price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of TESCO (LON:TSCO) from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 350 ($5.65) price target on the stock, up previously from GBX 285 ($4.60). Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 383.79 ($6.19).
Shares of TESCO (LON:TSCO) opened at 361.75 on Friday. 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 £29.077 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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