Tesco PLC Downgraded by Grupo Santander to “Hold” (TSCO)
Tesco PLC (LON:TSCO) was downgraded by equities researchers at Grupo Santander to a “hold” rating in a research report issued on Tuesday. They currently have a GBX 260 ($4.31) target price on the stock. Grupo Santander’s price target would suggest a potential upside of 15.27% from the stock’s previous close.
Tesco PLC (LON:TSCO) opened at 227.914 on Tuesday. 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 257.7 and a 200-day moving average of GBX 288.9. The company’s market cap is £18.404 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at Santander downgraded shares of Tesco PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 260 ($4.31) price target on the stock, down previously from GBX 360 ($5.97). Separately, analysts at Societe Generale cut their price target on shares of Tesco PLC from GBX 220 ($3.65) to GBX 190 ($3.15) in a research note on Tuesday. They now have a “sell” rating on the stock. Finally, 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. 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. Tesco PLC has a consensus rating of “Hold” and a consensus target price of GBX 303.48 ($5.04).
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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