TESCO Downgraded by Beaufort Securities to “Sell” (TSCO)
TESCO (LON:TSCO) was downgraded by equities research analysts at Beaufort Securities to a “sell” rating in a research note issued to investors on Friday, American Banking News.com reports.
TESCO (LON:TSCO) opened at 321.80 on Friday. TESCO has a one year low of GBX 315.30 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 335. and its 200-day moving average is GBX 355.4. The company’s market cap is £25.940 billion.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe 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. Separately, analysts at Panmure Gordon raised their price target on shares of TESCO from GBX 600 ($9.84) to GBX 684 ($11.22) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Prime Markets reiterated a “sell” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 310 ($5.08) price target on the stock. Eleven equities 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 stock has an average rating of “Hold” and an average 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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