Societe Generale Trims Tesco PLC Target Price to GBX 190 (TSCO)
Equities researchers at Societe Generale reduced their price objective on shares of Tesco PLC (LON:TSCO) from GBX 220 ($3.65) to GBX 190 ($3.15) in a research report issued on Tuesday. The firm currently has a “sell” rating on the stock. Societe Generale’s price target indicates a potential downside of 17.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 235 ($3.90) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Tesco PLC in a research note on Monday. Finally, 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. Ten analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 303.48 ($5.04).
Tesco PLC (LON:TSCO) traded up 2.37% on Tuesday, hitting GBX 230.90. The stock had a trading volume of 32,957,396 shares. Tesco PLC has a 1-year low of GBX 222.00 and a 1-year high of GBX 382.00. The stock has a 50-day moving average of GBX 257.0 and a 200-day moving average of GBX 288.3. The company’s market cap is £18.645 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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