Tesco PLC Given “Underperform” Rating at Sanford C. Bernstein (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating reiterated by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 235 ($3.95) target price on the stock. Sanford C. Bernstein’s price target points to a potential downside of 3.69% from the stock’s previous close.
A number of other firms have also recently commented on TSCO. Analysts at Barclays reiterated an “equal weight” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 300 ($5.05) 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, July 30th. They now have a GBX 313 ($5.27) price target on the stock. Finally, analysts at Shore Capital upgraded shares of Tesco PLC to a “hold” rating in a research note on Tuesday, July 29th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 329.20 ($5.54).
Tesco PLC (LON:TSCO) opened at 245.20 on Friday. Tesco PLC has a one year low of GBX 244.60 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 277.5 and a 200-day moving average of GBX 298.4. The company’s market cap is £19.800 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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