Tesco PLC (TSCO) Given “Overweight” Rating at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Tesco PLC (LON:TSCO) in a research note published on Thursday. They currently have a GBX 215 ($2.81) price objective on the retailer’s stock.
A number of other equities analysts have also recently issued reports on the company. Societe Generale lowered their target price on Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a sell rating for the company in a report on Friday, June 17th. HSBC reaffirmed a buy rating and issued a GBX 275 ($3.59) target price on shares of Tesco PLC in a report on Monday, June 27th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 115 ($1.50) target price on shares of Tesco PLC in a report on Monday, July 4th. Finally, Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a report on Thursday, June 23rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 193.42 ($2.52).
Tesco PLC (LON:TSCO) opened at 181.550 on Thursday. The company’s market cap is GBX 14.76 billion. 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.
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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