Tesco PLC (TSCO) Earns Buy Rating from HSBC Holdings plc
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reiterated by equities researchers at HSBC Holdings plc in a research report issued to clients and investors on Monday. They currently have a GBX 225 ($3.03) target price on the retailer’s stock. HSBC Holdings plc’s price objective would suggest a potential upside of 22.38% from the company’s current price.
A number of other analysts have also weighed in on TSCO. Jefferies Group LLC restated a “hold” rating and issued a GBX 180 ($2.43) target price on shares of Tesco PLC in a research note on Tuesday, May 30th. Kepler Capital Markets lowered their price objective on Tesco PLC from GBX 205 ($2.76) to GBX 189 ($2.55) and set a “hold” rating for the company in a research report on Friday, June 2nd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 240 ($3.24) price objective on shares of Tesco PLC in a research report on Wednesday, June 7th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 170 ($2.29) price objective on shares of Tesco PLC in a research report on Wednesday, June 14th. Finally, Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research report on Wednesday, June 14th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 192.73 ($2.60).
Shares of Tesco PLC (TSCO) opened at 184.15 on Monday. The firm’s market capitalization is GBX 15.02 billion. Tesco PLC has a one year low of GBX 165.35 and a one year high of GBX 219.40. The firm has a 50-day moving average of GBX 181.61 and a 200-day moving average of GBX 180.65.
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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 and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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