Tesco PLC Given Outperform Rating at Macquarie (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “outperform” rating reiterated by analysts at Macquarie in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 370 ($6.15) target price on the stock. Macquarie’s price objective suggests a potential upside of 13.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 340 ($5.65) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Tesco PLC from GBX 350 ($5.82) to GBX 310 ($5.16) in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Tesco PLC from GBX 440 ($7.32) to GBX 375 ($6.24) in a research note on Wednesday. They now have a “buy” rating on the stock. Eleven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 362 ($6.02).
Tesco PLC (LON:TSCO) traded down 2.74% on Wednesday, hitting GBX 326.00. The stock had a trading volume of 36,667,360 shares. Tesco PLC has a 52-week low of GBX 313.15 and a 52-week high of GBX 388.05. The stock’s 50-day moving average is GBX 326.4 and its 200-day moving average is GBX 349.1. The company’s market cap is £26.279 billion.
Tesco PLC is an international retailer. The Company has over 1,500 Click & Collect collection points for general merchandise and over 150 Grocery Drive-thrus in the United Kingdom.
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