Trade Report: Today, Tesco PLC (TSCO) Downgraded by BNP Paribas

Today, Tesco PLC (TSCO) Downgraded by BNP Paribas

Tesco PLC (LON:TSCO) was downgraded by investment analysts at BNP Paribas to a “neutral” rating in a report released on Thursday. They currently have a GBX 200 ($2.61) target price on the retailer’s stock, up from their previous target price of GBX 185 ($2.41). BNP Paribas’ price target would indicate a potential downside of 0.94% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. HSBC reissued a “hold” rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a research report on Thursday. Deutsche Bank AG lifted their target price on Tesco PLC from GBX 185 ($2.41) to GBX 230 ($3.00) and gave the company a “hold” rating in a research report on Thursday. Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a research report on Thursday. Jefferies Group reissued a “hold” rating and issued a GBX 185 ($2.41) target price on shares of Tesco PLC in a research report on Thursday. Finally, Societe Generale reissued a “sell” rating and issued a GBX 130 ($1.70) target price on shares of Tesco PLC in a research report on Thursday. Five equities research 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. Tesco PLC has a consensus rating of “Hold” and a consensus price target of GBX 193.16 ($2.52).

Tesco PLC (LON:TSCO) traded down 2.51% during midday trading on Thursday, hitting GBX 201.90. The stock had a trading volume of 33,387,529 shares. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85. The firm has a 50-day moving average price of GBX 172.40 and a 200-day moving average price of GBX 169.59. The firm’s market capitalization is GBX 16.41 billion.

10/06/tesco-plc-tsco-downgraded-by-bnp-paribas.html

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