TESCO Price Target Cut to GBX 270 (TSCO)
Stock analysts at Societe Generale decreased their price target on shares of TESCO (LON:TSCO) from GBX 290 ($4.78) to GBX 270 ($4.45) in a report issued on Friday, American Banking & Market News reports. The firm currently has a “sell” rating on the stock. Societe Generale’s target price would suggest a potential downside of 18.99% from the stock’s previous close.
TESCO (LON:TSCO) traded down 0.66% during mid-day trading on Friday, hitting GBX 331.10. 24,205,202 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 has a 50-day moving average of GBX 332.4 and a 200-day moving average of GBX 355.5. The company’s market cap is £26.690 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO in a research note to investors on Wednesday. They now have a GBX 348 ($5.74) price target on the stock. Separately, analysts at Nomura cut their price target on shares of TESCO from GBX 360 ($5.93) to GBX 350 ($5.77) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Sanlam Securities cut their price target on shares of TESCO from GBX 425 ($7.00) to GBX 395 ($6.51) in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. Eleven analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. TESCO has a consensus rating of “Hold” and an average price target of GBX 372.96 ($6.15).
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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