Tesco PLC (TSCO) Given “Sell” Rating at Bryan, Garnier & Co
Tesco PLC (LON:TSCO)‘s stock had its “sell” rating restated by stock analysts at Bryan, Garnier & Co in a research note issued on Wednesday. They presently have a GBX 166 ($2.17) target price on the retailer’s stock. Bryan, Garnier & Co’s price objective indicates a potential downside of 17.50% from the stock’s current price.
A number of other research firms have also weighed in on TSCO. BNP Paribas reissued an “outperform” rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a research report on Wednesday, September 14th. Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a research report on Monday, September 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 135 ($1.76) price target on shares of Tesco PLC in a research report on Thursday, September 8th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 215 ($2.81) price target on shares of Tesco PLC in a research report on Thursday, September 22nd. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during trading on Wednesday, reaching GBX 201.20. 36,174,322 shares of the company’s stock traded hands. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85. The stock has a 50-day moving average of GBX 173.37 and a 200-day moving average of GBX 169.77. The company’s market capitalization is GBX 16.36 billion.
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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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