Tesco PLC Earns Buy Rating from Cantor Fitzgerald Europe (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald Europe in a report issued on Thursday. They currently have a GBX 325 ($5.38) price objective on the stock. Cantor Fitzgerald Europe‘s target price suggests a potential upside of 30.37% from the stock’s previous close.
Shares of Tesco PLC (LON:TSCO) opened at 247.05 on Thursday. 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 262.1 and its 200-day moving average is GBX 290.8. The company’s market cap is £19.949 billion.
A number of other analysts have also recently weighed in on TSCO. Analysts at Deutsche Bank downgraded shares of Tesco PLC to a “hold” rating in a research note on Thursday. They now have a GBX 280 ($4.63) price target on the stock, down previously from GBX 313 ($5.18). Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Wednesday, August 20th. They now have a GBX 235 ($3.89) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Friday, August 8th. They now have a GBX 235 ($3.89) price target on the stock. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 327.88 ($5.43).
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.
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