Tesco PLC (TSCO) Given Outperform Rating at BNP Paribas
A number of other research analysts also recently weighed in on TSCO. Macquarie reissued an outperform rating and issued a GBX 250 ($3.26) target price on shares of Tesco PLC in a report on Monday. Morgan Stanley increased their target price on Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the company an equal weight rating in a report on Wednesday, September 14th. Barclays PLC reissued an overweight rating and issued a GBX 215 ($2.81) target price on shares of Tesco PLC in a report on Wednesday, September 14th. Citigroup Inc. reissued a buy rating on shares of Tesco PLC in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 135 ($1.76) target price on shares of Tesco PLC in a report on Thursday, September 8th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Tesco PLC currently has a consensus rating of Hold and an average price target of GBX 193.42 ($2.52).
Tesco PLC (LON:TSCO) opened at 178.50 on Tuesday. The stock’s 50 day moving average price is GBX 162.97 and its 200 day moving average price is GBX 170.02. The stock’s market cap is GBX 14.51 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 205.90.
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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