Credit Suisse Group AG Reaffirms “Underperform” Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating restated by equities research analysts at Credit Suisse Group AG in a research report issued on Friday. They presently have a GBX 130 ($1.70) target price on the retailer’s stock. Credit Suisse Group AG’s target price would suggest a potential downside of 35.39% from the company’s previous close.
TSCO has been the subject of several other research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 135 ($1.76) price target on shares of Tesco PLC in a research note on Monday. Barclays PLC restated an “overweight” rating and set a GBX 215 ($2.81) price target on shares of Tesco PLC in a research note on Wednesday, September 14th. Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a research note on Monday, September 12th. Shore Capital restated a “hold” rating on shares of Tesco PLC in a research note on Wednesday, August 31st. Finally, BNP Paribas restated an “outperform” rating and set a GBX 200 ($2.61) price target on shares of Tesco PLC in a research note on Friday, August 5th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% on Friday, hitting GBX 201.20. The stock had a trading volume of 36,174,322 shares. The stock’s market cap is GBX 16.36 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85. The stock’s 50 day moving average is GBX 173.37 and its 200 day moving average is GBX 169.77.
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Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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