BNP Paribas Reiterates “Neutral” Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 200 ($2.44) price target on the retailer’s stock. BNP Paribas’ price target would suggest a potential downside of 0.65% from the company’s previous close.
A number of other analysts have also issued reports on TSCO. Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 166 ($2.02) target price on shares of Tesco PLC in a report on Wednesday, October 5th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 142 ($1.73) target price on shares of Tesco PLC in a report on Monday, June 27th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 115 ($1.40) target price on shares of Tesco PLC in a report on Monday, July 4th. Societe Generale reaffirmed a “sell” rating on shares of Tesco PLC in a report on Tuesday, June 28th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Tesco PLC in a report on Thursday, October 6th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 193.16 ($2.35).
Shares of Tesco PLC (LON:TSCO) traded down 1.18% on Monday, reaching GBX 201.30. The company had a trading volume of 26,015,734 shares. The firm’s market capitalization is GBX 16.39 billion. The company’s 50-day moving average is GBX 180.14 and its 200 day moving average is GBX 169.88. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85.
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About Tesco PLC
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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