TESCO Price Target Lowered to GBX 350 at Nomura (TSCO)
Stock analysts at Nomura decreased their price target on shares of TESCO (LON:TSCO) from GBX 360 ($5.93) to GBX 350 ($5.77) in a report issued on Monday, American Banking News reports. The firm currently has a “neutral” rating on the stock. Nomura’s price target would suggest a potential upside of 5.01% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of TESCO from GBX 315 ($5.19) to GBX 285 ($4.70) in a research note to investors on Friday, January 10th. They now have an “underweight” rating on the stock. Finally, analysts at Beaufort Securities downgraded shares of TESCO to a “sell” rating in a research note to investors on Friday, January 10th. Eleven research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 372.96 ($6.15).
TESCO (LON:TSCO) opened at 331.10 on Monday. TESCO has a 1-year low of GBX 315.30 and a 1-year 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.
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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