April 14, 2016
Societe Generale Downgraded Tesco PLC (TSCO)
Tesco PLC (LON:TSCO) was downgraded by stock analysts at Societe Generale to a “sell” rating in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 150 ($2.14) price objective on the retailer’s stock. Societe Generale’s price objective would suggest a potential downside of 17.13% from the stock’s current price.
Shares of Tesco PLC (LON:TSCO) opened at 180.7046 on Thursday. The stock’s market capitalization is GBX 14.68 billion. The stock has a 50 day moving average of GBX 189.79 and a 200-day moving average of GBX 174.82. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 248.60.
Source: American Banking and Market News
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