TESCO Given “Underperform” Rating at Sanford C. Bernstein (TSCO)
TESCO (LON:TSCO)‘s stock had its “underperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Thursday, AnalystRatings.Net reports. They currently have a GBX 300 ($4.92) price objective on the stock. Sanford C. Bernstein’s price objective points to a potential downside of 7.47% from the company’s current price.
TSCO has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of TESCO in a research note on Wednesday. They now have a GBX 353 ($5.79) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO in a research note on Wednesday. They now have a GBX 348 ($5.71) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of TESCO in a research note on Wednesday, February 5th. They now have a GBX 375 ($6.15) price target 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. The stock currently has a consensus rating of “Hold” and an average price target of GBX 372.12 ($6.11).
Shares of TESCO (LON:TSCO) opened at 323.75 on Thursday. TESCO has a 1-year low of GBX 313.15 and a 1-year high of GBX 388.05. The stock has a 50-day moving average of GBX 327.8 and a 200-day moving average of GBX 352.0. The company’s market cap is £26.097 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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