Tesco PLC Given “Buy” Rating at Cantor Fitzgerald Europe (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reiterated by research analysts at Cantor Fitzgerald Europe in a report released on Monday. They currently have a GBX 325 ($5.52) price target on the stock. Cantor Fitzgerald Europe‘s price objective would suggest a potential upside of 21.04% from the stock’s previous close.
Tesco PLC (LON:TSCO) traded down 0.68% on Monday, hitting GBX 268.50. 20,355,368 shares of the company’s stock traded hands. Tesco PLC has a one year low of GBX 266.953 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 285.5 and a 200-day moving average of GBX 302.3. The company’s market cap is £21.681 billion.
A number of other analysts have also recently weighed in 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 ($4.67) price target on the stock. Separately, analysts at Barclays cut their price target on shares of Tesco PLC from GBX 340 ($5.77) to GBX 300 ($5.09) in a research note on Tuesday, July 22nd. They now have an “equal weight” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Tesco PLC from GBX 265 ($4.50) to GBX 270 ($4.58) in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Eleven analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Tesco PLC has a consensus rating of “Hold” and a consensus target price of GBX 329.38 ($5.59).
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.
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.