TESCO Rating Reiterated by BNP Paribas (TSCO)
TESCO (LON:TSCO)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 375 ($6.16) price target on the stock. BNP Paribas’ target price suggests a potential upside of 19.43% from the stock’s previous close.
TESCO (LON:TSCO) opened at 315.25 on Wednesday. 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 328.6 and a 200-day moving average of GBX 353.7. The company’s market cap is £25.412 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of TESCO in a research note to investors on Tuesday. They now have a GBX 300 ($4.93) price target on the stock. Separately, analysts at Macquarie cut their price target on shares of TESCO from GBX 390 ($6.41) to GBX 370 ($6.08) in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of TESCO in a research note to investors on Monday, January 27th. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target 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.
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