Tesco PLC Receives Underperform Rating from Sanford C. Bernstein (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Wednesday. They currently have a GBX 235 ($3.93) target price on the stock. Sanford C. Bernstein’s target price points to a potential downside of 5.43% from the company’s current price.
TSCO has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Tesco PLC in a research note on Wednesday, August 6th. They now have a GBX 300 ($5.02) 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 ($5.23) 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 329.20 ($5.50).
Tesco PLC (LON:TSCO) opened at 247.80 on Wednesday. Tesco PLC has a 52-week low of GBX 241.30 and a 52-week high of GBX 382.00. The stock’s 50-day moving average is GBX 268.4 and its 200-day moving average is GBX 293.7. The company’s market cap is £20.010 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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