Bryan, Garnier & Co Reiterates “Sell” Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “sell” rating reaffirmed by analysts at Bryan, Garnier & Co in a report released on Wednesday. They currently have a GBX 166 ($2.17) target price on the retailer’s stock. Bryan, Garnier & Co’s target price would indicate a potential downside of 12.03% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. Macquarie reissued an “outperform” rating and set a GBX 250 ($3.26) price objective on shares of Tesco PLC in a report on Monday, September 19th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a report on Wednesday, August 31st. Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Finally, Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Tesco PLC presently has an average rating of “Hold” and an average target price of GBX 194.21 ($2.54).
Tesco PLC (LON:TSCO) opened at 204.25 on Wednesday. The company’s market capitalization is GBX 16.61 billion. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 207.00. The company has a 50 day moving average of GBX 169.80 and a 200 day moving average of GBX 169.27.
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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