Tesco PLC (TSCO) Stock Rating Reaffirmed by Credit Suisse Group AG
Tesco PLC (LON:TSCO)‘s stock had its “underperform” rating reiterated by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 130 ($1.62) price objective on the retailer’s stock. Credit Suisse Group AG’s target price points to a potential downside of 39.01% from the stock’s current price.
A number of other research analysts have also issued reports on the company. HSBC reiterated a “buy” rating and set a GBX 260 ($3.25) target price on shares of Tesco PLC in a research report on Monday. Macquarie reiterated an “outperform” rating and set a GBX 250 ($3.12) target price on shares of Tesco PLC in a research report on Thursday, November 10th. Societe Generale reiterated a “sell” rating and set a GBX 167 ($2.09) target price on shares of Tesco PLC in a research report on Wednesday, November 2nd. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research report on Tuesday, November 1st. Finally, Goldman Sachs Group Inc. increased their target price on Tesco PLC from GBX 142 ($1.77) to GBX 145 ($1.81) and gave the company a “sell” rating in a research report on Wednesday, October 26th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Tesco PLC presently has an average rating of “Hold” and an average target price of GBX 198.68 ($2.48).
Shares of Tesco PLC (LON:TSCO) opened at 213.15 on Tuesday. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 218.00. The stock’s market capitalization is GBX 17.35 billion. The stock’s 50 day moving average is GBX 202.66 and its 200-day moving average is GBX 173.61.
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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