TESCO PT Lowered to GBX 395 (TSCO)
Analysts at Sanlam Securities dropped their price target on shares of TESCO (LON:TSCO) from GBX 425 ($6.97) to GBX 395 ($6.48) in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Sanlam Securities’ price target would indicate a potential upside of 21.78% from the stock’s previous close.
Shares of TESCO (LON:TSCO) traded down 0.72% on Friday, hitting GBX 322.00. 16,325,034 shares of the company’s stock traded hands. TESCO has a 52-week low of GBX 315.30 and a 52-week high of GBX 388.05. The stock’s 50-day moving average is GBX 335.5 and its 200-day moving average is GBX 355.7. The company’s market cap is £25.956 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of TESCO from GBX 315 ($5.17) to GBX 285 ($4.67) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Separately, analysts at Beaufort Securities downgraded shares of TESCO to a “sell” rating in a research note to investors on Friday. Finally, analysts at Seymour Pierce reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 353 ($5.79) price target on the stock. Eleven research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 365.11 ($5.99).
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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