TESCO Downgraded by AlphaValue to Reduce (TSCO)
TESCO (LON:TSCO) was downgraded by equities researchers at AlphaValue to a “reduce” rating in a research report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 363.81 ($5.84) target price on the stock. AlphaValue’s price target points to a potential upside of 0.92% from the stock’s previous close.
TESCO (LON:TSCO) traded down 2.08% during mid-day trading on Wednesday, hitting GBX 353.00. 5,611,390 shares of the company’s stock traded hands. TESCO has a 52-week low of GBX 307.00 and a 52-week high of GBX 388.05. The stock has a 50-day moving average of GBX 370.3 and a 200-day moving average of GBX 366.0. The company’s market cap is £28.455 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of TESCO in a research note to investors on Monday. They now have a GBX 290 ($4.65) price target on the stock. Separately, 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, October 4th. They now have a “buy” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday, October 3rd. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 388.45 ($6.23).
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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