Macquarie Reiterates “Outperform” Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “outperform” rating restated by analysts at Macquarie in a report issued on Thursday. They currently have a GBX 250 ($3.10) price target on the retailer’s stock. Macquarie’s price target indicates a potential upside of 25.98% from the stock’s previous close.
TSCO has been the subject of a number of other reports. Societe Generale restated a “sell” rating and issued a GBX 167 ($2.07) target price on shares of Tesco PLC in a research note on Wednesday, November 2nd. Shore Capital restated a “hold” rating on shares of Tesco PLC in a research note on Tuesday, November 1st. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 130 ($1.61) target price on shares of Tesco PLC in a research note on Friday, October 28th. Goldman Sachs Group Inc. raised their target price on Tesco PLC from GBX 142 ($1.76) to GBX 145 ($1.80) and gave the company a “sell” rating in a research note on Wednesday, October 26th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 200 ($2.48) target price on shares of Tesco PLC in a research note on Monday, October 17th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 195.26 ($2.42).
Shares of Tesco PLC (LON:TSCO) opened at 198.4806 on Thursday. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 216.30. The company’s market cap is GBX 16.16 billion. The company has a 50 day moving average of GBX 200.04 and a 200-day moving average of GBX 172.89.
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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