Tesco PLC (TSCO) Receives “Neutral” Rating from BNP Paribas
Tesco PLC (LON:TSCO)‘s stock had its “neutral” rating reissued by equities researchers at BNP Paribas in a report issued on Monday. They currently have a GBX 200 ($2.48) price objective on the retailer’s stock. BNP Paribas’ price objective suggests a potential downside of 0.75% from the company’s previous close.
A number of other research firms have also commented on TSCO. Macquarie reiterated an “outperform” rating and issued a GBX 250 ($3.09) price target on shares of Tesco PLC in a research report on Monday, September 19th. HSBC reiterated a “hold” rating and issued a GBX 195 ($2.41) price target on shares of Tesco PLC in a research report on Thursday, October 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 135 ($1.67) target price on shares of Tesco PLC in a research report on Thursday, September 8th. Deutsche Bank AG upped their target price on Tesco PLC from GBX 185 ($2.29) to GBX 230 ($2.85) and gave the company a “hold” rating in a research report on Thursday, October 6th. Finally, Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a research report on Thursday, October 6th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 193.16 ($2.39).
Shares of Tesco PLC (LON:TSCO) opened at 203.05 on Monday. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The company has a 50-day moving average price of GBX 178.68 and a 200-day moving average price of GBX 170.10. The firm’s market cap is GBX 16.53 billion.
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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