Tesco PLC’s Underperform Rating Reiterated at Sanford C. Bernstein (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Monday. They currently have a GBX 235 ($3.90) price objective on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 2.20% from the company’s current price.
A number of other analysts have also recently weighed in on TSCO. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Tesco PLC in a research note on Monday. Separately, analysts at Espirito Santo Investment Bank Research cut their price target on shares of Tesco PLC from GBX 265 ($4.40) to GBX 190 ($3.15) in a research note on Monday. They now have a “sell” rating on the stock. Finally, 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. 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 an average rating of “Hold” and an average target price of GBX 315.68 ($5.24).
Tesco PLC (LON:TSCO) opened at 225.511 on Monday. Tesco PLC has a one year low of GBX 241.30 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 259.7 and a 200-day moving average of GBX 290.1. The company’s market cap is £18.210 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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