TESCO Given Hold Rating at Cantor Fitzgerald (TSCO)
TESCO (LON:TSCO)‘s stock had its “hold” rating reaffirmed by research analysts at Cantor Fitzgerald in a report released on Thursday, Analyst Ratings Net reports. They currently have a GBX 353 ($5.79) price objective on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 8.83% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Santander reiterated a “buy” rating on shares of TESCO in a research note to investors on Tuesday. They now have a GBX 415 ($6.81) price target on the stock. Separately, analysts at Grupo Santander reiterated a “buy” rating on shares of TESCO in a research note to investors on Tuesday. They now have a GBX 415 ($6.81) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of TESCO in a research note to investors on Tuesday. They now have a GBX 375 ($6.15) price target on the stock. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 365.11 ($5.99).
Shares of TESCO (LON:TSCO) traded down 1.20% during mid-day trading on Thursday, hitting GBX 324.35. The stock had a trading volume of 28,215,020 shares. TESCO has a 1-year low of GBX 316.60 and a 1-year high of GBX 388.05. The stock’s 50-day moving average is GBX 339.0 and its 200-day moving average is GBX 356.1. The company’s market cap is £26.146 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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