Tesco PLC (TSCO) Stock Rating Reaffirmed by BNP Paribas
Tesco PLC (LON:TSCO)‘s stock had its “outperform” rating reissued by stock analysts at BNP Paribas in a research note issued on Thursday. They presently have a GBX 185 ($2.41) target price on the retailer’s stock. BNP Paribas’ price objective indicates a potential upside of 4.14% from the stock’s current price.
A number of other research firms have also recently issued reports on TSCO. Credit Suisse Group AG raised their price objective on Tesco PLC from GBX 115 ($1.50) to GBX 130 ($1.70) and gave the company an “underperform” rating in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a research report on Wednesday, September 21st. Jefferies Group reaffirmed a “hold” rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a research report on Wednesday, September 21st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 215 ($2.81) price objective on shares of Tesco PLC in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 135 ($1.76) price objective on shares of Tesco PLC in a research report on Thursday, September 8th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 194.21 ($2.54).
Tesco PLC (LON:TSCO) opened at 178.90 on Thursday. The firm’s market cap is GBX 14.54 billion. The firm has a 50-day moving average price of GBX 166.94 and a 200-day moving average price of GBX 169.49. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 205.90.
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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