Tesco PLC (TSCO) Cut to Neutral at BNP Paribas
BNP Paribas lowered shares of Tesco PLC (LON:TSCO) to a neutral rating in a research note published on Thursday. They currently have GBX 200 ($2.48) price objective on the retailer’s stock, up from their previous price objective of GBX 185 ($2.29).
TSCO has been the subject of several other reports. JPMorgan Chase & Co. restated an underweight rating and set a GBX 135 ($1.67) price objective on shares of Tesco PLC in a research report on Monday, October 3rd. Barclays PLC reaffirmed an overweight rating and issued a GBX 215 ($2.66) target price on shares of Tesco PLC in a report on Wednesday, September 14th. Citigroup Inc. reaffirmed a buy rating on shares of Tesco PLC in a report on Monday, September 12th. Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 193.16 ($2.39).
Tesco PLC (LON:TSCO) opened at 200.0928 on Thursday. The stock’s 50 day moving average price is GBX 174.98 and its 200 day moving average price is GBX 169.39. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The company’s market cap is GBX 16.27 billion.
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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