Tesco PLC’s (TSCO) Underperform Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their underperform rating on shares of Tesco PLC (LON:TSCO) in a research report released on Friday. Credit Suisse Group AG currently has a GBX 130 ($1.70) price objective on the retailer’s stock.
A number of other equities research analysts have also weighed in on the company. BNP Paribas lowered Tesco PLC to a neutral rating and boosted their price objective for the stock from GBX 185 ($2.41) to GBX 200 ($2.61) in a research report on Thursday. HSBC restated a hold rating and set a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research report on Thursday. Deutsche Bank AG boosted their price objective on Tesco PLC from GBX 185 ($2.41) to GBX 230 ($3.00) and gave the stock a hold rating in a research report on Thursday. Citigroup Inc. reaffirmed a buy rating on shares of Tesco PLC in a report on Thursday. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 185 ($2.41) target price on shares of Tesco PLC in a report on Thursday. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded up 0.94% on Friday, hitting GBX 203.10. The company had a trading volume of 23,496,378 shares. The stock’s 50-day moving average price is GBX 173.37 and its 200 day moving average price is GBX 169.77. The company’s market capitalization is GBX 16.51 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85.
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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