Tesco PLC’s (TSCO) Underperform Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reissued their underperform rating on shares of Tesco PLC (LON:TSCO) in a report released on Friday. The firm currently has a GBX 130 ($1.70) price objective on the retailer’s stock.
Several other equities research analysts also recently weighed in on the stock. Macquarie reissued an outperform rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a research report on Monday, September 19th. Bryan, Garnier & Co reaffirmed a sell rating and issued a GBX 166 ($2.17) target price on shares of Tesco PLC in a research report on Wednesday, October 5th. Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a research report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a hold rating on shares of Tesco PLC in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded up 0.94% during trading on Friday, reaching GBX 203.10. The company had a trading volume of 23,496,378 shares. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The firm’s 50 day moving average price is GBX 173.37 and its 200 day moving average price is GBX 169.77. The firm’s market capitalization is GBX 16.51 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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