Trading Report: The Tesco PLC’s (TSCO) “Sell” Rating Reaffirmed at Societe Generale

The Tesco PLC’s (TSCO) “Sell” Rating Reaffirmed at Societe Generale

Tesco PLC (LON:TSCO)‘s stock had its “sell” rating reaffirmed by equities researchers at Societe Generale in a note issued to investors on Thursday. They currently have a GBX 130 ($1.70) price objective on the retailer’s stock. Societe Generale’s target price indicates a potential downside of 35.39% from the stock’s previous close.

A number of other research analysts have also weighed in on TSCO. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Wednesday. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 215 ($2.81) price objective on shares of Tesco PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Friday, June 24th. Beaufort Securities reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Thursday. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 142 ($1.85) price objective on shares of Tesco PLC in a research note on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Tesco PLC currently has an average rating of “Hold” and an average price target of GBX 193.16 ($2.52).

Shares of Tesco PLC (LON:TSCO) traded down 0.35% during mid-day trading on Thursday, hitting GBX 201.20. 36,174,322 shares of the company traded hands. The stock’s market capitalization is GBX 16.36 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85. The firm has a 50-day moving average of GBX 173.37 and a 200-day moving average of GBX 169.77.

10/07/tesco-plcs-tsco-sell-rating-reaffirmed-at-societe-generale-2.html

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