HSBC Reiterates Overweight on TESCO (TSCO)
TESCO (LON: TSCO)‘s stock had its “overweight” rating reiterated by investment analysts at HSBC in a note issued to investors on Friday. They currently have a $6.29 (390 GBX) target price on the stock.
Shares of TESCO opened at 331.95 on Friday. TESCO has a one year low of GBX 294.50 and a one year high of GBX 413.05. The company’s market cap is £26.599 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of TESCO in a research note to investors on Thursday. They now have a $7.63 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO in a research note to investors on Wednesday. They now have a $6.45 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of TESCO in a research note to investors on Tuesday. They now have a $6.55 price target on the stock.
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
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