Tesco PLC Price Target Raised to GBX 270 at Nomura (TSCO)
Research analysts at Nomura lifted their price target on shares of Tesco PLC (LON:TSCO) from GBX 265 ($4.53) to GBX 270 ($4.61) in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. Nomura’s price objective indicates a potential downside of 2.65% from the company’s current price.
TSCO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Tesco PLC from GBX 342 ($5.84) to GBX 313 ($5.35) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 240 ($4.10) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe upgraded shares of Tesco PLC to a “buy” rating in a research note on Monday, July 14th. They now have a GBX 325 ($5.55) price target on the stock, up previously from GBX 282 ($4.82). Eleven equities research 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 stock presently has a consensus rating of “Hold” and an average price target of GBX 329.38 ($5.63).
Shares of Tesco PLC (LON:TSCO) traded down 3.91% during mid-day trading on Tuesday, hitting GBX 277.35. The stock had a trading volume of 34,084,416 shares. Tesco PLC has a one year low of GBX 276.55 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 288.2 and a 200-day moving average of GBX 303.9. The company’s market cap is £22.396 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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