Societe Generale reaffirmed their sell rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Thursday. The firm currently has a GBX 130 ($1.70) target price on the retailer’s stock.
Other analysts also recently issued reports about the stock. Beaufort Securities reissued a hold rating on shares of Tesco PLC in a report on Thursday. Shore Capital reissued a hold rating on shares of Tesco PLC in a report on Wednesday. Bryan, Garnier & Co reissued a sell rating and issued a GBX 166 ($2.17) price target on shares of Tesco PLC in a report on Wednesday. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 135 ($1.76) price target on shares of Tesco PLC in a report on Monday. Finally, BNP Paribas reissued an outperform rating and issued a GBX 185 ($2.41) price target on shares of Tesco PLC in a report on Thursday, September 29th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% on Thursday, reaching GBX 201.20. 33,445,001 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 172.40 and its 200 day moving average is GBX 169.59. The stock’s market capitalization is GBX 16.36 billion. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85.
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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