TESCO Receives Sell Rating from Societe Generale (TSCO)
TESCO (LON:TSCO)‘s stock had its “sell” rating reiterated by research analysts at Societe Generale in a report released on Monday, Analyst Ratings Network.com reports. They currently have a GBX 290 ($4.65) price objective on the stock. Societe Generale’s target price suggests a potential downside of 19.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on TSCO. Analysts at Santander cut their price target on shares of TESCO from GBX 425 ($6.82) to GBX 415 ($6.66) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 440 ($7.06) price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 386.46 ($6.20).
TESCO (LON:TSCO) opened at 360.75 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 £29.080 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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