Tesco PLC (TSCO) Given “Sell” Rating at Societe Generale
Societe Generale reaffirmed their sell rating on shares of Tesco PLC (LON:TSCO) in a research note published on Thursday. The firm currently has a GBX 130 ($1.70) price target on the retailer’s stock.
A number of other equities research analysts also recently commented on the stock. Macquarie restated an outperform rating and issued a GBX 250 ($3.26) price objective on shares of Tesco PLC in a research report on Monday, September 19th. Bryan, Garnier & Co reiterated a sell rating and set a GBX 166 ($2.17) price target on shares of Tesco PLC in a research report on Wednesday. Shore Capital reiterated a hold rating on shares of Tesco PLC in a research report on Wednesday, August 31st. Deutsche Bank AG reiterated a hold rating on shares of Tesco PLC in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reiterated a sell rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. 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. Tesco PLC has an average rating of Hold and an average price target of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% on Thursday, reaching GBX 201.20. The company had a trading volume of 33,445,001 shares. The firm’s market capitalization is GBX 16.36 billion. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year 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.
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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