Tesco PLC Given New GBX 190 Price Target at Espirito Santo Investment Bank Research (TSCO)
Analysts at Espirito Santo Investment Bank Research reduced their target price on shares of Tesco PLC (LON:TSCO) from GBX 265 ($4.40) to GBX 190 ($3.15) in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the stock. Espirito Santo Investment Bank Research’s target price points to a potential downside of 17.37% from the stock’s previous close.
Shares of Tesco PLC (LON:TSCO) opened at 226.45 on Monday. 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 259.7 and its 200-day moving average is GBX 290.1. The company’s market cap is £18.286 billion.
A number of other analysts have also recently weighed in on TSCO. Analysts at RBC Capital raised their price target on shares of Tesco PLC from GBX 140 ($2.32) to GBX 150 ($2.49) in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Thursday. Finally, 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 ($5.39) price target on the stock. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 315.68 ($5.24).
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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