Tesco PLC (TSCO) Rating Reiterated by BNP Paribas
Tesco PLC (LON:TSCO)‘s stock had its “outperform” rating reiterated by investment analysts at BNP Paribas in a research note issued on Tuesday. They presently have a GBX 185 ($2.41) price objective on the retailer’s stock. BNP Paribas’ price target indicates a potential upside of 4.14% from the stock’s previous close.
A number of other research firms have also weighed in on TSCO. Macquarie reiterated an “outperform” rating and issued a GBX 250 ($3.26) price objective on shares of Tesco PLC in a research note on Monday. Deutsche Bank AG restated a “hold” rating and set a GBX 195 ($2.55) price target on shares of Tesco PLC in a research report on Tuesday, May 31st. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 135 ($1.76) price target on shares of Tesco PLC in a research report on Thursday, September 8th. HSBC restated a “buy” rating and set a GBX 275 ($3.59) price target on shares of Tesco PLC in a research report on Wednesday, June 1st. Finally, Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Tesco PLC currently has an average rating of “Hold” and an average price target of GBX 193.42 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 180.35 on Tuesday. The stock has a 50 day moving average of GBX 163.59 and a 200-day moving average of GBX 169.97. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 205.90. The company’s market capitalization is GBX 14.66 billion.
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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