Tesco PLC (LON:TSCO) was downgraded by BNP Paribas to an “underperform” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 165 ($2.13) price target on the retailer’s stock. BNP Paribas’ price objective would indicate a potential downside of 10.83% from the company’s previous close.
Several other analysts have also weighed in on TSCO. Bryan, Garnier & Co reaffirmed a “sell” rating and set a GBX 170 ($2.20) price objective on shares of Tesco PLC in a report on Tuesday. HSBC Holdings plc reissued a “buy” rating on shares of Tesco PLC in a report on Wednesday, September 6th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a report on Tuesday, August 22nd. Deutsche Bank AG reissued a “buy” rating and issued a GBX 240 ($3.10) price target on shares of Tesco PLC in a report on Wednesday, June 7th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a GBX 145 ($1.87) price target on shares of Tesco PLC in a report on Tuesday, August 29th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 191.31 ($2.47).
Tesco PLC (LON TSCO) opened at 181.55 on Wednesday. The company’s market capitalization is GBX 14.80 billion. The company has a 50-day moving average price of GBX 180.56 and a 200-day moving average price of GBX 180.80. Tesco PLC has a one year low of GBX 161.20 and a one year high of GBX 219.40.
In related news, insider John Allan acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were acquired at an average cost of GBX 171 ($2.21) per share, with a total value of £34,200 ($44,168.93). Insiders purchased a total of 20,307 shares of company stock worth $3,475,138 over the last ninety days.
About Tesco PLC
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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