TESCO Rating Reiterated by BNP Paribas (TSCO)
TESCO (LON:TSCO)‘s stock had its “outperform” rating reiterated by equities researchers at BNP Paribas in a research report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 375 ($6.16) price objective on the stock. BNP Paribas’ price objective would suggest a potential upside of 13.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale cut their price target on shares of TESCO from GBX 290 ($4.76) to GBX 270 ($4.43) in a research note to investors on Friday, January 17th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO in a research note to investors on Wednesday, January 15th. They now have a GBX 348 ($5.71) price target on the stock. Finally, analysts at Nomura cut their price target on shares of TESCO from GBX 360 ($5.91) to GBX 350 ($5.75) in a research note to investors on Monday, January 13th. They now have a “neutral” rating on the stock. Eleven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 371.30 ($6.09).
Shares of TESCO (LON:TSCO) traded up 0.15% on Wednesday, hitting GBX 330.10. The stock had a trading volume of 5,455,694 shares. 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 331. and a 200-day moving average of GBX 355.7. The company’s market cap is £26.609 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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