Tesco PLC’s (TSCO) “Hold” Rating Reaffirmed at Jefferies Group
Other equities analysts have also issued research reports about the company. HSBC reissued a buy rating and set a GBX 275 ($3.59) price target on shares of Tesco PLC in a report on Friday, June 10th. Citigroup Inc. reissued a buy rating on shares of Tesco PLC in a report on Friday, June 17th. Morgan Stanley raised their price objective on shares of Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the company an equal weight rating in a research report on Wednesday, September 14th. Deutsche Bank AG restated a hold rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research report on Friday, June 24th. Finally, Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Thursday, June 23rd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% during trading on Thursday, reaching GBX 201.20. The company had a trading volume of 33,445,001 shares. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85. The firm has a 50-day moving average of GBX 172.40 and a 200-day moving average of GBX 169.59. The stock’s market capitalization 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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