Tesco PLC Upgraded to “Buy” at Cantor Fitzgerald Europe (TSCO)
Tesco PLC (LON:TSCO) was upgraded by equities researchers at Cantor Fitzgerald Europe to a “buy” rating in a research report issued on Monday. The firm currently has a GBX 325 ($5.56) price objective on the stock, up from their previous price objective of GBX 282 ($4.83). Cantor Fitzgerald Europe‘s price target indicates a potential upside of 14.26% from the stock’s previous close.
TSCO has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Tesco PLC in a research note on Friday, July 4th. They now have a GBX 305 ($5.22) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Wednesday, July 2nd. They now have a GBX 240 ($4.11) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tesco PLC in a research note on Wednesday, July 2nd. They now have a GBX 342 ($5.86) price target on the stock. Twelve analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 331.85 ($5.68).
Tesco PLC (LON:TSCO) traded up 2.28% on Monday, hitting GBX 284.45. The stock had a trading volume of 13,508,172 shares. Tesco PLC has a one year low of GBX 277.20 and a one year high of GBX 382.00. The stock’s 50-day moving average is GBX 291.0 and its 200-day moving average is GBX 306.1. The company’s market cap is £22.969 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.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.