Tesco PLC Downgraded to Neutral at BNP Paribas (TSCO)
Tesco PLC (LON:TSCO) was downgraded by equities research analysts at BNP Paribas to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a GBX 305 ($5.19) target price on the stock, down from their previous target price of GBX 355 ($6.04). BNP Paribas’ price objective would indicate a potential upside of 5.41% from the stock’s previous close.
A number of other firms have also recently commented on TSCO. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Friday. They now have a GBX 275 ($4.68) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Tesco PLC from GBX 270 ($4.59) to GBX 250 ($4.25) 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, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 330.19 ($5.62).
Shares of Tesco PLC (LON:TSCO) traded down 0.91% on Tuesday, hitting GBX 289.35. 17,245,124 shares of the company’s stock traded hands. Tesco PLC has a one year low of GBX 278.50 and a one year high of GBX 382.00. The stock’s 50-day moving average is GBX 296. and its 200-day moving average is GBX 310.5. The company’s market cap is £23.365 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.