Tesco PLC Stock Rating Reaffirmed by Shore Capital (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “sell” rating restated by Shore Capital in a research note issued on Wednesday. They currently have a GBX 294 ($4.93) price target on the stock. Shore Capital’s price target points to a potential downside of 1.18% from the stock’s previous close.
Tesco PLC (LON:TSCO) opened at 295.55 on Wednesday. Tesco PLC has a 52-week low of GBX 278.50 and a 52-week high of GBX 382.00. The stock’s 50-day moving average is GBX 297.1 and its 200-day moving average is GBX 316.4. The company’s market cap is £23.866 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 300 ($5.03) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 342 ($5.73) price target on the stock. Finally, analysts at Grupo Santander reiterated a “buy” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 360 ($6.04) price target on the stock. Fourteen equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 333.46 ($5.59).
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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