Tesco PLC Price Target Increased to GBX 150 by Analysts at RBC Capital (TSCO)
Equities research analysts at RBC Capital lifted their target price on shares of Tesco PLC (LON:TSCO) from GBX 140 ($2.32) to GBX 150 ($2.48) in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential downside of 39.10% from the stock’s previous close.
Tesco PLC (LON:TSCO) opened at 234.60 on Friday. 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 261.1 and its 200-day moving average is GBX 290.5. The company’s market cap is £18.944 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Thursday. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Tesco PLC in a research note on Thursday. They now have a GBX 325 ($5.38) price target on the stock. Finally, 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). Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 318.68 ($5.27).
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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