London: Tesco (LON:TSCO) Stock Has Just Had Its “Outperform” Rating Reiterated by Bernstein. Shares now Have a GBX 285 Target


Tesco (LON:TSCO) Rating Reaffirmed

In analysts report made public on 4 December, The “Outperform” rating of Tesco (LON:TSCO) shares was has decided to restate by Analysts at Bernstein, who now has a GBX 285 target PPS on the stock. Bernstein’s target PPS could mean a possible upside of 75.93% from the last stock price of the company.

From a total of 19 analysts covering Tesco PLC (LON:TSCO) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 10 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 285 while the lowest target price is GBX 155. The mean of all analyst targets is GBX 211.16 with a 27.62% above today’s (GBX 163.6) stock price. Tesco PLC was the topic of 68 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux maintained shares on November 30 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 210 target share price in a report from a November 18. Bernstein maintained TSCO stock in a recent report from November 26 with “Outperform” rating. Citigroup upgraded the rating on November 17. Citigroup has a “Buy” rating and a GBX 230 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a November 18.

Approximately 6.62 million shares of stock traded hands. Tesco PLC (LON:TSCO) has declined 26.73% since May 7, 2015 and is downtrending. It has underperformed by 23.95% the S&P500.

London: Tesco (LON:TSCO) Stock Has Just Had Its

Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The company has a market cap of 13.24 billion GBP. The Firm operates in four divisions: UK, Asia, Europe and Tesco Bank. It currently has negative earnings. It has retailing and associated activities activities across the United Kingdom, Asia and Europe.

According to Zacks Investment Research, “Tractor Supply Company is a specialty retailer which supplies the daily farming and maintenance needs of its target customers: hobby, part-time and full-time farmers and ranchers, as well as rural customers, contractors and tradesmen.” Get a free copy of the Zacks research report on Tesco PLC (TSCO).