Tesco PLC (TSCO) Receives “Neutral” Rating from BNP Paribas
Tesco PLC (LON:TSCO)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research note issued on Monday. They currently have a GBX 200 ($2.48) target price on the retailer’s stock. BNP Paribas’ price target indicates a potential downside of 0.75% from the stock’s current price.
TSCO has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 135 ($1.67) price target on shares of Tesco PLC in a report on Monday, October 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 215 ($2.66) price target on shares of Tesco PLC in a report on Wednesday, September 14th. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Tesco PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 193.16 ($2.39).
Shares of Tesco PLC (LON:TSCO) opened at 203.05 on Monday. The company’s market capitalization is GBX 16.53 billion. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The stock has a 50 day moving average price of GBX 178.68 and a 200-day moving average price of GBX 170.10.
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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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