Tesco PLC (TSCO) Downgraded by BNP Paribas to “Neutral”
BNP Paribas cut shares of Tesco PLC (LON:TSCO) to a neutral rating in a research report sent to investors on Thursday. They currently have GBX 200 ($2.61) price target on the retailer’s stock, up from their prior price target of GBX 185 ($2.41).
A number of other analysts have also recently weighed in on TSCO. HSBC restated a buy rating and issued a GBX 275 ($3.59) price target on shares of Tesco PLC in a report on Friday, June 10th. Barclays PLC restated an overweight rating and issued a GBX 215 ($2.81) price target on shares of Tesco PLC in a report on Wednesday, June 15th. Deutsche Bank AG restated a hold rating and issued a GBX 195 ($2.55) price target on shares of Tesco PLC in a report on Wednesday, June 15th. Societe Generale lowered their price target on shares of Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a sell rating on the stock in a report on Friday, June 17th. Finally, Citigroup Inc. restated a buy rating on shares of Tesco PLC in a report on Friday, June 17th. Five investment 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 company has a consensus rating of Hold and an average target price of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during mid-day trading on Thursday, reaching GBX 201.20. 34,875,001 shares of the company traded hands. The firm’s market capitalization is GBX 16.36 billion. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 214.85. The firm has a 50-day moving average price of GBX 172.40 and a 200 day moving average price of GBX 169.59.
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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