Societe Generale Reaffirms Sell Rating for Tesco PLC (TSCO)
Societe Generale reaffirmed their sell rating on shares of Tesco PLC (LON:TSCO) in a research note published on Thursday. Societe Generale currently has a GBX 130 ($1.61) price objective on the retailer’s stock.
A number of other research analysts have also recently weighed in on TSCO. Barclays PLC reaffirmed an overweight rating and issued a GBX 215 ($2.66) price objective on shares of Tesco PLC in a report on Wednesday, June 15th. Deutsche Bank AG reissued a hold rating and set a GBX 195 ($2.41) target price on shares of Tesco PLC in a research note on Friday, June 24th. Shore Capital reissued a hold rating on shares of Tesco PLC in a research note on Wednesday, October 5th. Beaufort Securities reissued a hold rating on shares of Tesco PLC in a research note on Thursday, October 6th. Finally, Goldman Sachs Group Inc. reissued a sell rating and set a GBX 142 ($1.76) target price on shares of Tesco PLC in a research note on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 193.16 ($2.39).
Shares of Tesco PLC (LON:TSCO) opened at 200.0928 on Thursday. The firm has a 50-day moving average of GBX 174.98 and a 200 day moving average of GBX 169.39. The company’s market cap is GBX 16.27 billion. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 214.85.
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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