Tesco PLC (TSCO) Stock Rating Reaffirmed by Jefferies Group
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a report issued on Wednesday. They currently have a GBX 185 ($2.41) price objective on the retailer’s stock. Jefferies Group’s price objective would indicate a potential upside of 2.24% from the stock’s previous close.
A number of other analysts also recently issued reports on the stock. Macquarie restated an “outperform” rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a report on Monday. Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, August 31st. Deutsche Bank AG restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Goldman Sachs Group Inc. restated a “sell” rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Finally, Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 193.42 ($2.52).
Tesco PLC (LON:TSCO) opened at 180.95 on Wednesday. The stock’s 50 day moving average price is GBX 164.30 and its 200-day moving average price is GBX 170.01. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 205.90. The firm’s market capitalization is GBX 14.71 billion.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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