Tesco PLC (TSCO) Given “Hold” Rating at Beaufort Securities
TSCO has been the topic of a number of other reports. Societe Generale lowered their target price on shares of Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a sell rating on the stock in a report on Friday, June 17th. Barclays PLC restated an overweight rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a report on Wednesday, September 14th. HSBC restated a buy rating and set a GBX 275 ($3.59) target price on shares of Tesco PLC in a report on Monday, June 27th. Deutsche Bank AG restated a hold rating and set a GBX 195 ($2.55) target price on shares of Tesco PLC in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG reiterated an underperform rating and issued a GBX 115 ($1.50) price objective on shares of Tesco PLC in a report on Monday, July 4th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Tesco PLC currently has an average rating of Hold and a consensus price target of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during midday trading on Thursday, hitting GBX 201.20. 33,445,001 shares of the company were exchanged. The company’s market capitalization is GBX 16.36 billion. The company has a 50-day moving average of GBX 172.40 and a 200 day moving average of GBX 169.59. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85.
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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