Tesco PLC (TSCDY) Stock Rating Reaffirmed by Beaufort Securities
Tesco PLC (NASDAQ:TSCDY)‘s stock had its “hold” rating reissued by research analysts at Beaufort Securities in a research note issued to investors on Friday.
A number of other brokerages have also recently issued reports on TSCDY. Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Zacks Investment Research upgraded Tesco PLC from a “sell” rating to a “hold” rating in a report on Friday, September 9th. Goldman Sachs Group Inc. restated a “sell” rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Deutsche Bank AG restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Finally, Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded down 1.87% during midday trading on Friday, hitting $7.47. The stock had a trading volume of 51,925 shares. The company’s 50-day moving average price is $6.77 and its 200 day moving average price is $6.96. Tesco PLC has a 12-month low of $6.00 and a 12-month high of $9.32. The stock has a market cap of $20.24 billion and a P/E ratio of 113.18.
About Tesco PLC
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland, International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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