Tesco stock gains analyst support as BNP Paribas lifts price target

Published on 09/10/2026 at 23:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesco stock closed at GBX 468.70 on the London Stock Exchange on September 9, 2026, before slipping modestly in the next session. BNP Paribas raised its price target to GBX 540 on September 10, 2026, while maintaining an outperform rating.

Fotorealistischer Supermarktgang mit Einkaufswagen und Regalen, Symbolbild für Einzelhandel — Tesco plc (ISIN GB00BLGZ9862) betreibt Supermärkte, hier ein realistischer Blick auf ein Regal-Verkaufsgebiet, Illustration mit AI erstellt.

Tesco PLC stock (ISIN GB00BLGZ9862) closed at 468.70 GBX on the London Stock Exchange on September 9, 2026, down 1.33% from the previous session, before edging lower again in early trading on September 10, 2026, according to London quote data.

Analyst upgrade underpins Tesco shares

According to MarketScreener on September 10, 2026, BNP Paribas has maintained its outperform recommendation on Tesco stock and raised its price target from 525 GBX to 540 GBX.

This 15 GBX increase in the target price corresponds to a 2.9% uplift in BNP Paribas's valuation of Tesco shares, giving investors a clearer sense that the analyst still sees upside from the current level.

Recent share price performance and market context

Data from a historical price overview shows that Tesco stock closed at 468.70 GBX on September 9, 2026, after trading between a high of 474.60 GBX and a low of 465.10 GBX, with volume of about 11.03 million shares and a daily decline of 1.33%.

The same overview indicates that the price around September 10, 2026, was near 466.90 GBX, suggesting the shares slipped by roughly 0.4% from the prior close, keeping Tesco stock slightly below the recent level but still within its typical short-term trading range.

Stock remains part of the FTSE 100

Tesco PLC is a constituent of the FTSE 100 index, which itself fell by about 0.4% to 10,627.80 points during the morning of September 10, 2026, as elevated oil prices renewed inflation concerns, according to Reuters.

This broader market weakness provides an important backdrop for Tesco stock, as defensively positioned consumer staples like supermarkets often face sector-wide pressure when inflation and energy costs come back into focus.

Closing price and investor takeaway

As of the close on September 9, 2026, Tesco stock was at 468.70 GBX on the London Stock Exchange, placing it modestly below the level implied by the new 540 GBX price target from BNP Paribas and showing a 1.33% decline on that day in active trading.