Tesco PLC Downgraded by Santander to Hold (TSCO)
Tesco PLC (LON:TSCO) was downgraded by Santander to a “hold” rating in a research note issued on Tuesday. They currently have a GBX 260 ($4.31) price objective on the stock, down from their previous price objective of GBX 360 ($5.97). Santander’s price target suggests a potential upside of 12.60% from the stock’s previous close.
Tesco PLC (LON:TSCO) traded up 2.37% on Tuesday, hitting GBX 230.90. 32,957,396 shares of the company’s stock traded hands. 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.
TSCO has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Tesco PLC in a research note on Monday. Ten investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average 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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