Tesco PLC Stock Rating Reaffirmed by Sanford C. Bernstein (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 275 ($4.67) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential downside of 5.47% from the company’s current price.
TSCO has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Tesco PLC in a research note on Friday, June 13th. They now have a GBX 355 ($6.03) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Tesco PLC from GBX 270 ($4.58) to GBX 250 ($4.24) in a research note on Thursday, June 12th. They now have a “sell” rating on the stock. Finally, analysts at Beaufort Securities upgraded shares of Tesco PLC to a “hold” rating in a research note on Thursday, June 5th. Thirteen analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 332.12 ($5.64).
Shares of Tesco PLC (LON:TSCO) opened at 289.30 on Friday. Tesco PLC has a one year low of GBX 278.50 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 296.3 and a 200-day moving average of GBX 311.7. The company’s market cap is £23.361 billion.
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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