Tesco PLC Stock Rating Reaffirmed by BNP Paribas (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Friday. They currently have a GBX 305 ($5.20) price objective on the stock. BNP Paribas’ target price would suggest a potential upside of 4.88% from the company’s current price.
A number of other firms have also recently commented on TSCO. Analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 240 ($4.09) 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 ($5.83) price target on the stock. Finally, 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. Thirteen investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 330.19 ($5.62).
Tesco PLC (LON:TSCO) opened at 291.40 on Friday. Tesco PLC has a 52 week low of GBX 278.50 and a 52 week high of GBX 382.00. The stock has a 50-day moving average of GBX 295.3 and a 200-day moving average of GBX 308.5. The company’s market cap is £23.531 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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