TESCO Given New GBX 370 Price Target at Macquarie (TSCO)
Analysts at Macquarie lowered their price target on shares of TESCO (LON:TSCO) from GBX 390 ($6.41) to GBX 370 ($6.08) in a research report issued to clients and investors on Tuesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 17.83% from the stock’s previous close.
TESCO (LON:TSCO) traded down 1.55% on Tuesday, hitting GBX 314.00. 17,024,584 shares of the company’s stock traded hands. TESCO has a 52 week low of GBX 313.65 and a 52 week high of GBX 388.05. The stock’s 50-day moving average is GBX 328.6 and its 200-day moving average is GBX 353.7. The company’s market cap is £25.312 billion.
A number of other analysts have also recently weighed in on TSCO. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of TESCO in a research note to investors on Monday, January 27th. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of TESCO in a research note to investors on Wednesday, January 22nd. They now have a GBX 375 ($6.16) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of TESCO from GBX 290 ($4.77) to GBX 270 ($4.44) in a research note to investors on Friday, January 17th. They now have a “sell” rating on the stock. Eleven investment 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. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 372.12 ($6.12).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.