Tesco PLC (TSCO) Receives “Hold” Rating from HSBC
A number of other brokerages have also weighed in on TSCO. BNP Paribas restated an outperform rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a report on Wednesday, September 14th. Macquarie restated an outperform rating and issued a GBX 250 ($3.26) price objective on shares of Tesco PLC in a report on Monday, September 19th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 135 ($1.76) price objective on shares of Tesco PLC in a report on Thursday, September 8th. Deutsche Bank AG boosted their price objective on shares of Tesco PLC from GBX 185 ($2.41) to GBX 230 ($3.00) and gave the stock a hold rating in a report on Thursday. Finally, Citigroup Inc. restated a buy rating on shares of Tesco PLC in a report on Thursday. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% during midday trading on Thursday, reaching GBX 201.20. 34,875,001 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 172.40 and a 200 day moving average price of GBX 169.59. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The company’s market cap is GBX 16.36 billion.
Tesco PLC Company Profile
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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