Tesco PLC’s (TSCO) “Sell” Rating Reaffirmed at Societe Generale
Tesco PLC (LON:TSCO)‘s stock had its “sell” rating reaffirmed by equities researchers at Societe Generale in a note issued to investors on Thursday. They currently have a GBX 130 ($1.70) price objective on the retailer’s stock. Societe Generale’s target price indicates a potential downside of 35.39% from the stock’s previous close.
A number of other research analysts have also weighed in on TSCO. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Wednesday. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 215 ($2.81) price objective on shares of Tesco PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Friday, June 24th. Beaufort Securities reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Thursday. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 142 ($1.85) price objective on shares of Tesco PLC in a research note on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Tesco PLC currently has an average rating of “Hold” and an average price target of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during mid-day trading on Thursday, hitting GBX 201.20. 36,174,322 shares of the company traded hands. The stock’s market capitalization 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 firm has a 50-day moving average of GBX 173.37 and a 200-day moving average of 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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