Tesco PLC Price Target Lowered to GBX 250 at Goldman Sachs (TSCO)
Research analysts at Goldman Sachs reduced their price target on shares of Tesco PLC (LON:TSCO) from GBX 270 ($4.54) to GBX 250 ($4.20) in a report released on Thursday. The firm currently has a “sell” rating on the stock. Goldman Sachs’ target price points to a potential downside of 15.25% from the company’s current price.
Tesco PLC (LON:TSCO) traded down 0.98% during mid-day trading on Thursday, hitting GBX 292.10. The stock had a trading volume of 9,280,206 shares. 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 297.6 and its 200-day moving average is GBX 313.8. The company’s market cap is £23.587 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities upgraded shares of Tesco PLC to a “hold” rating in a research note on Thursday, June 5th. Separately, analysts at Nomura cut their price target on shares of Tesco PLC from GBX 275 ($4.62) to GBX 265 ($4.46) in a research note on Thursday, June 5th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Tesco PLC in a research note on Thursday, June 5th. Thirteen investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 332.31 ($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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