Tesco PLC Stock Rating Reaffirmed by Societe Generale (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “sell” rating restated by equities researchers at Societe Generale in a research report issued on Wednesday. They currently have a GBX 240 ($4.09) price objective on the stock. Societe Generale’s target price indicates a potential downside of 15.54% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 ($5.83) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 275 ($4.68) price target on the stock. Finally, analysts at BNP Paribas downgraded shares of Tesco PLC to a “neutral” rating in a research note on Tuesday, June 24th. They now have a GBX 305 ($5.20) price target on the stock, down previously from GBX 355 ($6.05). Thirteen research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Tesco PLC presently has a consensus rating of “Hold” and an average target price of GBX 330.19 ($5.62).
Tesco PLC (LON:TSCO) opened at 284.05 on Wednesday. Tesco PLC has a 1-year low of GBX 278.50 and a 1-year high of GBX 382.00. The stock’s 50-day moving average is GBX 295.8 and its 200-day moving average is GBX 308.8. The company’s market cap is £22.937 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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